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You can buy vanguard's S&P 500 fund with an annual operating expense of 0.18 percent or you can buy a morgan stanleys S&P 500 fund with an annual operating expense of 1.40 percent. Given S&P 500 retur

You can buy vanguard's S&P 500 fund with an annual operating expense of 0.18 percent or you can buy a morgan stanleys S&P 500 fund with an annual operating expense of 1.40 percent. Given S&P 500 returns for 2007-2011 of 2.49,36.6,26.46,15.06 and 201 respectively, determine how much $10000, invested in each fund on January 1, 2007, would be worth on Dcember 31. 2011.

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