Over the course of 20 years, the gross return of both an equity index fund and a higher-fee actively managed mutual fund is 8.5% per year. The index fund has an annual expense ratio of 0.09%, while the actively managed fund has an expense ratio of 0.83%, and in addition carries a front load of 3.5%. If you invest 100k into each of the funds at the beginning of this time period, after 20 years how much more money will you have in the index fund relative to the active fund?

Please show work in Excel