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dlinn [17]
3 years ago
9

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 wil

l the amount of interest earned on the mutual fund be equal to the amount of interest paid on the loan?
Business
1 answer:
VARVARA [1.3K]3 years ago
6 0
The answer is about 4 years.
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