Doubling time. In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58 % . Assume that money invested in this fund continues to earn 9.58 % compounded annually. How long (to the nearest year) will it take money invested in this fund to double?
Doubling time. In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58 % . Assume that money invested in this fund continues to earn 9.58 % compounded annually. How long (to the nearest year) will it take money invested in this fund to double?
Solution Summary: The author calculates the time to the nearest year in which the amount invested in the Gabelli growth Fund is doubled that produces an average annual return of 9.58%.
Doubling time. In its first
10
years the Janus Flexible Income Fund produced an average annual return of
9.58
%
. Assume that money invested in this fund continues to earn
9.58
%
compounded annually. How long (to the nearest year) will it take money invested in this fund to double?
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