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You invest $4,000 annually in a no-load mutual fund with annual operating expenses charged to...

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Finance

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You invest $4,000 annually in a no-load mutual fund with annual operating expenses charged to the fund of 1.50%. The fund earns 11.0% annually and you decide to reinvest all distributions. 1. What does the fund earn annually after fees? 2. How much money will you have in the mutual fund at the end of 12 years? O 11% : $83,009 O 9.5%: $90,853 O 9.5% : $83,009 O 11% : $90,853

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