(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 13 percent compounded quarterly? Assume that you invest $1 today. If you invest $1 at 13 percent compounded quarteny, about how many years would it take for your investment to grow sevenfold to $77 (Hint Remember to convert your calculator solution to years.) Il years (Round to ono decimal place.) Related to Checkpoint 5.7) (Calculating an EAR) After examining the val Finance company at 12 percent compounded daily or from a bank at 13 percent compounded semiannually. Which alterative is more attractive? # you can borrow funds from a finance company at 12 percent compounded daily, the EAR for the loan is % (Round to two decimal places.) co