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You invest $ 7 , 0 0 0 annually in a no - load mutual fund with annual operating expenses charged to the fund of

You invest $7,000 annually in a no-load mutual fund with annual operating expenses charged to the fund of 1.25%. The fund earns 10.0% annually before fees and you decide to reinvest all distributions.
1. What does the fund earn annually after fees?
2. How much money (after fees) will you have in the mutual fund at the end of 14 years?
Stock SymbolDollars investedBeta R$45.001.3 S27.501.2 V65.001.7 P62.501.8
Provide your answer below rounded to 2 decimal places. For example, if you get 1.781, type in 1.78.

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