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Assume that you deposit $1000 into a retirement account that earns 5% annual interest compounded annually and has 2% in fees. You can assume that

Assume that you deposit $1000 into a retirement account that earns 5% annual interest compounded annually and has 2% in fees. You can assume that this means that you actually earn 3% in interest each year. After 30 years, what percent of your savings has been lost because of fees.

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