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You put $10,000 into a mutual fund with a 0.5% expense ratio. If the gross (before fees) return is 7% in the first year, how
You put $10,000 into a mutual fund with a 0.5% expense ratio. If the gross (before fees) return is 7% in the first year, how much money will you have by the end of the year?
a. $10,700
b. $10,437
c. $10,450
d. $10,650
e. $9,800
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