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In its first 10 years a mutual fund produced an average annual return of 20.21 %. Assume that money invested in this fund continues to
In its first 10 years a mutual fund produced an average annual return of 20.21%. Assume that money invested in this fund continues to earn 20.21% compounded annually. How long will it take money invested in this fund todouble?
It will take approximately ______ year(s) for the money invested in this fund to double.
(Round up to the nearestyear.)
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