Problem

Doubling time. In its first 10 years the Janus Flexible Income Fund produced an average an...

Doubling time. 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 (to the nearest year) will it take money invested in this fund to double?

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