They are paying annual fees of 1%, 2%, and 3% respectively. Below is the impact of fees on their ending account balance: Jason: $100,000 growing at 7% (minus 3% in annual fees) = $324,340; Matthew: $100,000 growing at 7% (minus 2% in annual fees) = $432,194; and Taylor: $100,000 growing at 7% (minus 1% in annual fees) = $574,349.
