Solving For N With Non Annual Periods Approximately How Many Years Would It Take For An Investment Assume That You Inv 1 (30.49 KiB) Viewed 86 times
Please solve and indicate which excel function you used
(Solving for n with non-annual periods) Approximately how many years would it take for an investment Assume that you invest $1 today. grow threefold if it were invested at 16 percent compounded semiannually? If you invest $1 at 16 percent compounded semiannually, 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.)
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