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