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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

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91344242

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