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invest $10000 mutual fund fixed total annual return of 7% broker chargesa a 2% commission broked will receive 2% usingthe compound interest formula impact of

invest $10000 mutual fund fixed total annual return of 7% broker chargesa a 2% commission broked will receive 2% usingthe compound interest formula impact of the 2% commission rate over 10 years will amount to 35% and over 50 years will amount to a 63% difference compare 5% vs7% compound annually on the amount (A) over 50 years using principal (P) -$10000 calculate difference in the two amounts (A) for the same principalover 10 years what can you conclude from your analysis

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