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You are considering an investment in a mutual fund with a 6% load and an expense ratio of .3%. You can invest instead in a

You are considering an investment in a mutual fund with a 6% load and an expense ratio of .3%. You can invest instead in a bank CD paying 5% interest. If you plan to invest for 4 years, what annual gross rate of return must the fund portfolio earn for you to be better off in the fund than in the CD? Assume annual compounding of returns.

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