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You receive a $8,000 check from your grandparents for graduation. You decide to save it toward a down payment on a house. You invest it

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You receive a $8,000 check from your grandparents for graduation. You decide to save it toward a down payment on a house. You invest it earning 7% per year and you think you will need to have $16,000 saved for the down payment. How long will it be before the $8,000 has grown to $16,000 ? To double the money you received from your grandparents, it will take years. (Round to one decimal place.)

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