You invested 10000 10 years ago into fly-by-night fund, Financial Management

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You invested 10000 10 years ago into fly-by-night fund

You invested $10,000 10 years ago into Fly-By-Night Fund which has reported performance (average annual total return) of 11% over this 10-year period. The front end load of 3%, an expense ratio of 2% was charged. What would your ending wealth position be?

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Financial Management: You invested 10000 10 years ago into fly-by-night fund

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Financial Management: You invested 10000 10 years ago into fly-by-night fund

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