2.) (5 points) You have invested in a particular mutual fund in the past. The...
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2.) (5 points) You have invested in a particular mutual fund in the past. The fund has a 3% front-end load and an expense ratio of 0.9%. The fund also has annual 12b-1 fees of 0.25%. Fund assets have returned on average 12% per year over the life of the fund. If you invest $40,000 in this fund, what total dollar amount would your investment be worth if you planned to hold the fund for 6 years? Assume the fund has the same expenses and average annual return on fund assets. Show your work
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