You are considering investing $10,000 into a mutual fund which has two classes available. Class A has a load of 5% and charges an annual management fee of 0.7%.Class B has no load, but charges an annual management fee of 1.2%.You expect the fund to return 11% per year (before fees).If you plan to stay invested for 10 years, which class would be better for you?(Calculate your expected balance at the end of 10 years for each class.)

Answer rating: 100% (QA)

To determine which class of the mutual fund would be better for you we need to calculate the expecte... View the full answer