Warren and Charlie each invest $50,000 in an S&P 500 index fund. Warren finds an index fund that charges zero fees and expenses; Charlie is a little careless and invests in an index fund that charges him 1% for an annual expense ratio. The S&P 500 averages a 12% return over this 40-year period. How much money will Warren and Charlie each have in their accounts after 40 years? How much money has this mistake cost Charlie?