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Solved: Many retirement funds charge an administrative fee each year equal to 0.25% on

Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor ISBN: 9781947172364 471

Solution for problem 40 Chapter 17

Principles of Economics | 2nd Edition

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Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Economics | 2nd Edition

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Problem 40

Many retirement funds charge an administrative fee each year equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest $5,000 in the same stock this year. Alexx invests directly and earns 5% a year. Spenser uses a retirement fund and earns 4.75%. After 30 years, how much more will Alexx have than Spenser?

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HOTEL MANAGEMENT The Lubin School of Business FALL 2016 Course Number: MGT 307 CRN: 70120 Class Meetings: Monday 6:10 – 9:00 pm Classroom: CIVIC W­618 Instructor Information: Andrew Coggins, PhD Office: W-474 NYC/ GOLDSTEIN 201 PLV Phone: 212-618-6416 Email: acoggins@pace.edu Office Hours: NYC – Monday 2:55 pm – 4:25 pm, Tuesday 11:30 am – 3:30 pm, Wednesday 11:30 am – 12:05 pm, and by arrangement PLV – By arrangement ______________________________________________________________________ ________ Please Note: While every effort has been made to ensure this course syllabus is final, unforeseen req

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Chapter 17, Problem 40 is Solved
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Textbook: Principles of Economics
Edition: 2
Author: Steven A. Greenlaw, David Shapiro, Timothy Taylor
ISBN: 9781947172364

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Solved: Many retirement funds charge an administrative fee each year equal to 0.25% on