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You are considering an investment in a mutual fund with a 5 % load and an expense ratio of 0 . 5 % . You

You are considering an investment in a mutual fund with a 5% load and an expense ratio of 0.5%. You can invest instead in a bank CD paying 1% interest.
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What annual rate of return must the fund portfolio earn if you plan to invest for 8 years to be better off in the fund than in the CD?

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