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1. Juan plans on saving $7000 each year beginning age 25 each year through age 65 (40 years). If he earns a gross 8% on

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1. Juan plans on saving $7000 each year beginning age 25 each year through age 65 (40 years). If he earns a "gross" 8% on his savings each year, how much money will he have at retirement if his account expense ratio is: a. 0.50% (10 points) b. or 0.05%? (10 points) 2. Juanita inherits $10,000 and invests it for 30 years at a "net" 9% return. How much money will she have at the end of the period? (5 points)

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