In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58%.

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In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58%. Assume that money invested in this fund continues to earn 9.58% compounded annually. How long will it take money invested in this fund to double?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:29 AM

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In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58%.

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Use the compound interest formula A P1 rt The proble...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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