Question: Alexander Reyes & 09/1 Homework: Chapter 5 Homework: Time Value of Money--The Basi Score: 0 of 1 pt 8 of 11 (6 complete) HW Score:
Alexander Reyes & 09/1 Homework: Chapter 5 Homework: Time Value of Money--The Basi Score: 0 of 1 pt 8 of 11 (6 complete) HW Score: 66 67 5-25 (similar to) Quest (Solving for n with non annual periods) Approximately how many years would take for an investment to grow fivefold it were invested at 16 percent compounded semiannually? Assume that you invest 51 today If you invest 51 at 16 percent compounded semiannually, about how many years would it take for your investment to grow fivefold to $57 (Mint Remember to convert your calculator solution to years) years (Round to one decimal place)
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