Question: How many years (to two decimal places) will it take $5,000 to grow to $7,500 if it is invested at 8% com-pounded semiannually? Compounded monthly?

How many years (to two decimal places) will it take $5,000 to grow to $7,500 if it is invested at 8% com-pounded semiannually? Compounded monthly?

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