Annually in mutual fund

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1) You invest $4,000 annually in a mutual fund that earns 10 percent annually, and you reinvest all distributions.

a) How much will you have in the account at the end of 20 years? Round your answer to the nearest dollar.

2) You invest $4,000 annually in a mutual fund with a 6 percent load fee so that only $3,760 is actually invested in the fund. The fund earns 10 percent annually, and you reinvest all distributions.

b) How much will you have in the account at the end of 20 years? (Assume that all distributions are not subject to the load fee.) Round your answer to the nearest dollar.

3) You invest $4,000 annually in a no-load mutual fund that charges 12b-1 fees of 1 percent. The fund earns 10 percent annually before fees, and you reinvest all distributions.

c) How much will you have in the account at the end of 20 years? Round your answer to the nearest dollar

4) You invest $4,000 annually in no-load mutual fund that has a 5 percent exit fee. The fund earns 10 percent annually before fees, and you reinvest all distributions.

d) How much will you have in the account at the end of 20 years? Round your answer to the nearest dollar. please show work for all 4 questions.

Reference no: EM131054974

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