Brenda and AL have $5000 to invest at 6% per year, compounded quarterly. How long would it take for their investment to grow to $8000. * Syears 7 years 6 years 8 years When changing the compounding period on an investment which statement is true? * more frequent compounding results in greater amount of interest more frequent compounding results in the same amount of interest more frequent compounding results in lesser amount of interest more frequent compounding changes both the principal and amount, so there is no consistent result