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Suppose a mutual fund earns a 10% return annually, and it offers the following two...

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Finance

Suppose a mutual fund earns a 10% return annually, and it offers the following two types of shares. Class A has a 4% front-end load. Class C has an annual 12b-1 fees of 2% and back-end load fees that start at 4% and fall by 1% for each year until the fourth year. (Keep two decimal places for your answers, e.g., 8,687.66)

(1) What will be the value of a $35,000 investment in Class A shares if shares are sold after 2 year and 3 years?

(2) What will be the value of a $35,000 investment in Class C shares if shares are sold after 2 years and 3 years?

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