You've invested $1,000 in a mutual fund with a 6% front-end load, an expense ratio of 1% and a back-end load of 4%. Expenses are paid at the end of each year. The fund produces an annual return of 4% before fees. 

Part 1 What is your annual return after fees if you hold the fund for 3 years?  

Part 2 What is your annual return after fees if you hold the fund for 30 years?

Answer rating: 100% (QA)

SOLUTION Part 1 To calculate the annual return after fees for a 3year investment we need to first calculate the amount of fees paid each year as well ... View the full answer