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Assume the average market return over the next 50 years is expected to be 8.9%. If...

Assume the average market return over the next 50 years is expected to be 8.9%. If an investor contributes $12 thousand into an investment account today, pays 1% of assets under management for various fund and advisor fees, and waits for 50 years, what percentage of his final wealth has he sacrificed in fees? Enter answer in percents.

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