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I have some money to save for about five years. If I choose to invest in a mutual fund which carries a load of 4.5%
I have some money to save for about five years. If I choose to invest in a mutual fund which carries a load of 4.5% and has operating expenses of 0.5% per year: d. If instead I could invest in a bank CD that pays 4% compounded annually, what return must the fund earn on its assets in order for the fund to pay me as much in five years?
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