You are going to invest in a stock mutual fund with a 6.5 percent front-end load and a 1.37 percent expense ratio. You also can invest in a money market mutual fund with a 2.7 percent return and an expense ratio of .20 percent. If you plan to keep your investment for 2 years, what annual return must the stock mutual fund earn to exceed an investment in the money market fund? What if your investment horizon is 8 years?

2 Years	%
8 Years	%