in its first 10 years a mutual fund produced an average annual return of 21.63%. Assume that money invested in this fund continues to earn 21.63% compounded annually. How long will it take money invested in this fund to double?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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In its first 10 years a mutual fund produced an average annual return of 21.63%. Assume that money invested in this fund continues to earn 21.63% compounded annually. How long will it take
← money invested in this fund to double?
CTE
Transcribed Image Text:In its first 10 years a mutual fund produced an average annual return of 21.63%. Assume that money invested in this fund continues to earn 21.63% compounded annually. How long will it take ← money invested in this fund to double? CTE
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