You are considering an investment in a mutual fund eith a 3% load amd an expense ratio of 1.2%. You can invest instead in a nank CD paying 5% interest.

A) If you plan to onvest for two years what annual rate of return must the fund portfolioearn for you to be better off in the fund than in the CD? Assume annual compounding of returns.

B) if you plan to invest for 6 years, what annual rate of return must the fund portfolio earn fir you to be better off in the fund than in the CD? Assume annual compounding of returns.