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If you invest $1,000 today in an investment fund that promises to pay you 7% per year and that charges annual asset management fee of
If you invest $1,000 today in an investment fund that promises to pay you 7% per year and that charges annual asset management fee of 0.5% of your account value at the end of each year, how much money will you have in 30 years?
The correct answer is $6,549.46. I just don't know how to get their using a financial calculator. Can you please show me?
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