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. $\begin{array}{cccccc}\text { Investment } & \text { E(Return) } & \text { Load } & \text { fee } & \text { Rear-end load } & \text { Years } \\\hline \mathrm{Y} & 8 \% & 0 \% & 0.50 \% & 3 \% & 5 \text { years }\end{array}$

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