You graduate and receive a $12,000 cheque from your grandparents. You decide to save it toward a down payment on a house. You invest it earning 12% per year, and you think you will need to have $24,000 saved for the down payment. How long will it be before the $12,000 has grown to $24,000 ? To double the money you received from your grandparents, it will take years. (Round to one decimal place.)