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Suppose that you inherit $ 1 0 0 , 0 0 0 and invest it until you retire 3 0 years from now, in a

Suppose that you inherit $100,000 and invest it until you retire 30 years from now, in a fund that averages 7.5% annual earnings, which you reinvest. (Round your answers to the nearest cent.)
(a) How much will you have at the end of the 30 years?
$
(b) Managers of investment funds usually charge a percentage each year of the amount invested (even if the investments lose moneyl). Suppose that the investment fund management charges you 0.25%, so you earn 7.25% instead of 7.5%. How much will you have at the end of the 30 years?
$
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