If a mutual fund earns a return of 8.5% and has an expense ratio of 1.5% per year, the investor really earns ­­­­­_____ % return on their investments.

What is the Future Value of an investment of $4000 annually (an annuity) at 7% return for 40 years?

If a mutual fund earns a return of 8.5% and has an expense ratio of .5% per year, the investor really earns ­­­­­_____ % return on their investments.

What is the Future Value of an investment of $4000 annually (an annuity) at 8% return for 40 years?