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Approximately how many years would it take for an investment to grow fourfold if it were invested at 12 percent compounded quarterly? Assume that you

Approximately how many years would it take for an investment to grow fourfold if it were invested at 12 percent compounded quarterly? Assume that you invest $1 today.

If you invest $1 at 12 percent compounded quarterly, about how many years would it take for your investment to grow fourfold to $4?

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