Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.85%. Economy Fund charges a front-end load of 2%, but has no 12b-1 fee and an expense ratio of 0.15%. Assume the rate of return on both funds' portfolios (before any fees) is 9% per year.
a. How much will an investment of $100 in each fund grow to after 1 year? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Loaded-Up Fund $
Economy Fund $
b. How much will an investment of $100 in each fund grow to after 2 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Loaded-Up Fund $
Economy Fund $
c. How much will an investment of $100 in each fund grow to after 14 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Loaded-Up Fund $
Economy Fund $