Question: Please solve and indicate which excel function you used (Solving for n with non-annual periods) Approximately how many years would it take for an investment

Please solve and indicate which excel function you used (Solving for

Please solve and indicate which excel function you used

(Solving for n with non-annual periods) Approximately how many years would it take for an investment Assume that you invest $1 today. grow threefold if it were invested at 16 percent compounded semiannually? If you invest $1 at 16 percent compounded semiannually, about how many years would it take for your investment to grow threefold to $3? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)

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