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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.
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
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
