Below you will see monthly returns (before fees) for an S&P 500 ETF (SPY) and a gold ETF (IAU). Assume the gold ETF charges 5 basis points per month. What are the total fees an investor would have paid over this time period if the initial investment was $10,000? Month SPY IAU Jan -0.0008 0.1122 Feb 0.0618 -0.0092 Mar 0.0091 0.0505 Apr 0.0170 -0.0609 May -0.0017 0.0887 Jun 0.0419 0.0204 Jul 0.0012 -0.0323 Aug -0.0050 0.0071 Sep -0.0124 -0.0292 Oct 0.0368 -0.0836 Nov 0.0143 -0.0186 Dec 0.0239 0.0532