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Expressed jn years and months, how long will it take for $5,000, invested at 6% compounded monthly, to grow to $15,000? compounded rate of inle

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Expressed jn years and months, how long will it take for $5,000, invested at 6% compounded monthly, to grow to $15,000?

compounded rate of inle 6. Expressed in years and months, how long will it take for $5,000, invested at 6% compounded monthly, to grow to $15,000? (Ans: 18 years, 5 months)

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