Accessibility tab summary: Given information for this question is presented in rows 2 through 8. Requirement information is presented in rows 10 through 20.
Serenity Fund	Class A Shares
Operating Expenses	0.0075
Front-End Load	0.0500
12B-1 Charges	0.0025
Bank CD Interest Rate
0.0600
Required:
Using the information in the table above calculate the minumum rate of return this fund will need to generate in order to be at least as well off as investing in a bank CD.
(Use cells A3 to B8 from the given information to complete this question.)
Time Horizon, Years	Serenity Fund Required Rate of Return
1
3
5
10