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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 10% growth. The other is a moderate growth index fund offering 7% growth. At first glance it seems like an obvious choice, but the mutual fund is taking a 2.7% fee of your friends $500 deposit, while the index fund is taking only a 0.7% fee. Over his 40 year career, what is the future value of the high growth fund after accounting for the fee?
$142,832.61
$1,514,331.61
$1,028,330.61
$1,428,328.61
$428,332.61
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