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(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow fourfold if it were invested at
(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow fourfold if it were invested at 17 percent compounded semiannually? Assume that you invest $1 today. If you invest $1 at 17 percent compounded semiannually, about how many years would it take for your investment to grow fourfold to $4? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)
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