Question: show me how it is done plz (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow

show me how it is done plz

(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow threefold if it were invested at 15 percent compounded semiannually? Assume that you invest $1 today. if you invest $1 at 15 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.) Enter your answer in the answer box
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
