You invest $1000 dollars in a mutual fund with a 2% front-end load, and an expense ratio of 0.5%. If the mutual fund earns an annual rate of return of 12% before fees, how much money. will your investment be worth in 10 years? O $2,910.55 O $3,025.50 O $2,775.25 Onone of the choices

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You invest $1000 dollars in a mutual fund with a 2% front-end load, and an expense ratio of
0.5%. If the mutual fund earns an annual rate of return of 12% before fees, how much money
will your investment be worth in 10 years?
O $2,910.55
O $3,025.50
O $2,775.25
O none of the choices
Transcribed Image Text:You invest $1000 dollars in a mutual fund with a 2% front-end load, and an expense ratio of 0.5%. If the mutual fund earns an annual rate of return of 12% before fees, how much money will your investment be worth in 10 years? O $2,910.55 O $3,025.50 O $2,775.25 O none of the choices
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