(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 12 percent compounded monthly? Assume that you invest $1 today. If you invest $1 at 12 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.)