Question 3 A basic lesson to be learned in life is to minimize annual maintenance fees (and sales commissions) on portfolios of securities (stocks and bonds). To illustrate this lesson, consider an actively managed stock market fund that charges 1% per year as its maintenance fee. A less actively managed fund charges 0.5% per year. For a one-time investment of $100,000, how much will this decrease in annual management fee (i.e., 0.5%) save during a 20-year period? Let i=8% per year and express your answer as a percentage of the original $100,000