Given the Following Fees and Expected Returns for Fund Y

Given the following fees and expected returns for fund Y, assuming an initial investment of $1000 calculate the value of the investment at the end of 5 years $$\begin{array} { l c c c c c } \text { Investment } & \mathrm { E } \text { (Return) } & \text { Load } & 12 \mathrm {~b} - 1 \text { fee } & \text { Rear-endload } & \text { Years } \\\mathrm { Y } & 8 \% & 0 \% & 0.50 \% & 3 \% & 5 \text { years }\end{array}$$

A) $1069.82
B) $1550.77
C) $1642.36
D) $1389.95
E) $1362.59