Question: - Approximately how many years would it take for an investment to grow five fold if it were invested at 14 percent compounded semiannually? Assume

- Approximately how many years would it take for an investment to grow five fold if it were invested at 14 percent compounded semiannually? Assume that you invest $1 today. If you invest $1 at 14 percent compounded semiannually, about how many years would it take for your investment to grow fivefold to $5? (Hint: Remember to convert your calculator solution to years.) (.) years

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