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You invest X dollars in a mutual fund and 5 years later you have 2X dollars. That is, you double the amount in 5 years.

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You invest X dollars in a mutual fund and 5 years later you have 2X dollars. That is, you double the amount in 5 years. So, the corresponding compounding annual rate i is o more than 20% O exactly 20% not enough information o less than 20% N

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