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About how many years would it take for your investment to grow fourfold if it were invested at an APR of 16 percent compounded semiannually?
About how many years would it take for your investment to grow fourfold if it were invested at an APR of 16 percent compounded semiannually? If you invest $1 at an APR of
16 percent compounded semiannually, about how many years would it take for your investment to grow fourfold to $4? (Round to the nearest whole number.)
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