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12 June, 06:01

Henry invests $5000 in a mutual fund with an annual interest rate of 7.5%. He also has a 4-year, $10,000 loan at 3.75%. When will the amount of interest earned on the mutual fund be equal to the amount of interest paid on the loan?

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  1. 12 June, 08:17
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    The answer is about 4 years.
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