Question: In its first 10 years a mutual fund produced an average annual return of 19.45%. Assume that money invested in this fund continues to earn

In its first 10 years a mutual fund produced an average annual return of 19.45%. Assume that money invested in this fund continues to earn 19.45% compounded annually. How long will it take money invested in this fund to double? It will take approximately year(s) for the money invested in this fund to double. (Round up to the nearest year.)

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