Mutual fund assets return

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Reference no: EM131873656

You are considering investing in a mutual fund with a 5% sales charge (front-end load) and an expense ratio of 0.5% annually. You can invest instead in a bank CD paying 6% interest. If the mutual fund’s assets return 7% annually, after how many years will the mutual fund and CD give you the same future wealth amounts?

Reference no: EM131873656

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