Mutual fund earn to exceed investment in money market fund

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Reference no: EM131075744

You are going to invest in a stock mutual fund with a 7 percent front-end load and a 1.35 percent expense ratio. You also can invest in a money market mutual fund with a 2.8 percent return and an expense ratio of .30 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.)

Reference no: EM131075744

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