You have $12,500 to invest and you are considering investing in Fund X. The fund charges a fron-end load of 3% and an annual expense fee of 2.25% of the ending asset value over the year. You believe the funds gross rate of return will be 8% per year. If you make the investment, what should your investment be worth in one year?
A. 12,125.20
B. 13,095.00
C. 12,654.80
D. 12,800.36
E. 13,162.50