P5-24 (similar to) (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow threefold if it were invested at 14 percent compounded monthly Assume that you invest $1 today If you invest $1 at 14 percent compounded monthly, about how many years would it take for your investment to grow threefold to $3? (Hint Remember to convert your calculator solution to years.) years (Round to one decimal place.)