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How many years will it take for your money to double if fees are 1.5% per year (not uncommon in the mutual fund industry)?

How many years will it take for your money to double if fees are 1.5% per year (not uncommon in the mutual fund industry)?
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1 vote
How many years will it take for your money to double if fees are 1.5% per year (not uncommon in the mutual fund industry)?

asked
User Alfonse Pinto
by
7.5k points

1 Answer

5 votes

Answer:

Doubling time: 20 years.

Step-by-step explanation:

answered
User Eypros
by
8.1k points
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