Question: Question 3 (1.25 points) Loaded-up fund changes a 12b-1 fee of 1%. Assume the rate of return net of operating expenses is 7% per year

Question 3 (1.25 points) Loaded-up fund changes a 12b-1 fee of 1%. Assume the rate of return net of operating expenses is 7% per year for the fund and initial investment of $10,000. How much is the value of the fund in 8 years? a) $15,025.52 b) $15,938.48 c) $16,868.74 d) $14,604.89

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