Multiple Choice
Compare a fund that charges a 0.25% annual fee with a fund that charges a 1.25% annual fee. If an investment of $5,000 earns an average return of 8% over the course of 5 years, approximately how much more will fees over those 5 years be for the higher-fee fund?
A) $4
B) $20
C) $330
D) $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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