You purchase a mutual fund with annual total fees of 0.2% per year. Your friend purchases a similar fund with higher fees of 1.2% per year. Both funds can be expected to return 9% per year before fees. You both save $5,000 per year for 10 years in a tax-free account. Assume your first $5,000 investment occurs at the end of the first year, and at the end of every year after that. At the end of 10 years, what is the total value of your savings? What is the total value of your friends savings? What is the difference in savings between you and your friend?