Max and Brooke each invest $500 into stock market funds. Max invests in a passively managed fund with a 0.04% expense ratio; ignoring fees, this fund earns 9.4% annual interest. Brooke invests in an actively managed fund with a 0.7% expense ratio. Ignoring fees, this fund earns 9.9% interest. Which of the following statements is correct?

Question 3 options:

	a. After 50 years, Max will have $3,094.89 more than Brooke
	b. After 50 years, Brooke will have $3094.89 more than Max
	c. After 50 years, Max will have $11,449.78 more than Brooke
	d. After 50 years, Brooke will have $11,449.78 more than Max
	e. None of the above.