In its first 10 years a mutual fund produced an average annual return of 20.71 %. Assume that money invested in this fund continues to earn 20.71 % compounded annually. How long will it take money invested in this fund to double
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In its first 10 years a mutual fund produced an average annual return of 20.71 %. Assume that money invested in this fund continues to earn ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Indicate how to increase and decrease each account listed below by selecting debit or credit
Answers (1)
What is a limited company?
Answers (1)
Suppose you found out that the Japanese are on the verge of introducing their own mayonnaise substitute next month. Sam does not know this and has just turned down your final offer for the insurance.
Answers (1)
In 2019, Kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losses of $200,000 in 2019 and $100,000 in 2020, Kipp's share being $60,000 in 2019 and $30,000 in 2020.
Answers (1)
Cassandra is a recent college graduate. She got a job as a sports team manager making $82,000 a year and she will have to move across country for the new job. Her moving expenses are $7500.
Answers (1)
New Questions in Business
An increase in the reserve requirement increases reserves and decreases the money supply. a. true b. false
Answers (1)
Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly from Asian countries. He wants to sell holiday packages to these customers.
Answers (2)
This type of financing includes charitable donations, either cash or in-kind, made to an organization and is the primary source or operating and investing income for major collegiate sports programs.
Answers (1)
What is the term for selling related products?
Answers (1)
Both the straight-line method and the effective-interest method of amortization will always result in: a. the same amount of interest expense being recognized each year. b.
Answers (1)