5 finance questions-
one of the question is as follow-
You have received an inheritance of £250,000 and you wish to invest it until your retirement. You are 21 and have a target retirement age of 60. Historically the rate of return on your chosen unit trust has been 8.5% per annum before charges. If you project the same rate of return to your target retirement age, what do you expect the future value of the fund to be:
(a) with no initial charge and an annual management charge of 0.5%,
(b) with no initial charge and an annual management charge of 1.8%,
(c) an initial charge of 4.5% and an annual management charge of 0.5%
(d) an initial charge of 4.5%, and annual management charge of 1.5%
(e) Comment on the difference in projected funds to the target retirement age.
(f) What type of investment fund generally has low charges?
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