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Question 14 1 pts Below you will see the returns for the S&P 500 Index for the years 2007-2011. If an index fund charges 90

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Question 14 1 pts Below you will see the returns for the S&P 500 Index for the years 2007-2011. If an index fund charges 90 basis points each year, how much do you pay them in dollars over the period 2007- 2011 (assume that the fund matched the index before fees and you invest $10,000 at the beginning of 2007)? Year S&P Returns 2007 0.0549 2008 -0.366 2009 0.2646 2010 0.1506 2011 0.021

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