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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. 21.4 years

b. 10.7 years

c. 23.4 years

d. 11.7 years

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