Question: You have $ 1 2 , 0 0 0 to invest and you are considering investing in Fund H . The fund charges a front

You have $12,000 to invest and you are considering investing in Fund H. The fund charges a front-end load of 3.1 percent and an annual expense fee of 2.2 percent of the ending asset value over the year. You believe the fund's gross rate of return will be 9 percent per year. If you make the investment, what should your investment be worth in one year?Multiple Choice$12,395.68$12,654.85$12,800.36$13,095.15$12,125.25

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!