Question
A managed fund run by Closeburn Investments Ltd is offering a rate of return of 6% per annum, compounded semi-annually, after fees. If Henrietta deposits
A managed fund run by Closeburn Investments Ltd is offering a rate of return of 6% per annum, compounded semi-annually, after fees. If Henrietta deposits $10,000 in this fund, how many years will it take for her to double her investment?
Select one:
a.23.4 years
b.10.7 years
c.21.4 years
d.11.7 years
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
