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If you invest 8,924 at t= 0 in a mutual fund, then how much do you have at t = 40 if the annual gross
If you invest 8,924 at t= 0 in a mutual fund, then how much do you have at t = 40 if the annual gross return is 0.084? For this exercise you can assume that the expense ratio is 0.011 per year. Note: Blackboard does not allow percentages. The returns, fees and loads are in decimal form (0.01 = 1 %)
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