What percentage of final wealth has he sacrificed in fees

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Reference no: EM132050177

Assume the average market return over the next 50 years is expected to be 8%. If an investor contributes $13 thousand into an investment account today, pays 1.3% 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.

Reference no: EM132050177

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