In its first 10 years a mutual fund produced an average annual return of 19...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
In its first 10 years a mutual fund produced an average annual return of 19 90 Assume that money invested in this fund continues to eam 1990 compounded annualy How long will it take money investec this lund to double It will take approximately yearts for the money invested in this fund to double
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!