You have decided to invest $11,300 in the Pinnacle fund. Over the long haul, the Pinnacle fund is expected to earn a return o on the portfolio (gross of fees). However, Pinnacle offers several classes of funds. Therefore, you can choose to pay a front l 11.5% and escape 12-b1 fees, or you can avoid the load fee by paying 12-b1 fees of 0.75%. Required: a. If your investment horizon is 16 years, what is your expected terminal wealth under each strategy? b. Which option should you choose? Complete this question by entering your answers in the tabs below. Required A Required B

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