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Business, 24.04.2020 19:00 hope4517

Suppose Adrian and Clemens each invest $10,000. Adrian invests in an actively managed mutual fund that has an annual expense ratio (a fee charged by the investment manager) of 1.3%. Clemens invests in
a passively managed index fund linked to the S&P 500 that has an expense ratio of 0.2%. Both investments earn a 7% rate of return.

How much does each investor make on his investment with the 7% rate of return?

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