Exceed an investment in the money market fund

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Reference no: EM131543734

You are going to invest in a stock mutual fund with a 6 percent front-end load and a 1.62 percent expense ratio. You also can invest in a money market mutual fund with a 2.8 percent return and an expense ratio of .10 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 9 years? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

2 years = %

9 years = %

Reference no: EM131543734

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