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You want to invest $ 1 0 , 0 0 0 per year in a mutual funds for the next 3 5 years. The fund

You want to invest $10,000 per year in a mutual funds for the next 35 years. The funds investment has an expected return of 7% p.a. If the funds MER is 1.50%, how much money will you have after 35 years? What if the MER is 0.25%?

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