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 will it take money invested in this fund to double?

ubwicanyil5

ubwicanyil5

Answered question

2022-09-05

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 will it take money invested in this fund to double?

Answer & Explanation

alinearjb

alinearjb

Beginner2022-09-06Added 10 answers

A = P ( 1 + R 100 ) n 2 = ( 1 + 9.58 100 ) n n = 8   y e a r

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