Approximately how many years would it take for an investment to grow fourfold if it were invested

Question:

Approximately how many years would it take for an investment to grow fourfold if it were invested at 16 percent compounded semiannually?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

Question Posted: