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Your friend never took a personal finance class, but found out you did. So he comes to you for advice. He has two funds offered
Your friend never took a personal finance class, but found out you did. So he comes to you for advice. He has two funds offered through his employer. One is a high growth mutual fund with growth. The other is a moderate growth index fund offering growth. At first glance it seems like an obvious choice, but the mutual fund is taking a fee of your friends $ deposit, while the index fund is taking only a fee. Over his year career, what is the future value of the high growth fund after accounting for the fee?
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