Mary reelsement funds charge an administrative toa equal to 0 75%% on managed assets Suppose that Alex and Sponsor each avoy $7 000 m In sampe glock the year Alert invests directly and own 10 40 Your Sponsor uses a rolement fund and cams 9:75%% At the end of one your, how much wil Alone and Spenser have?. At the end of one year, Aless will have 5 5 (faler your response rounded to to decimal plices