(Solving for n with non-annual periods) Approximately how many years would it take for an investment Assume that you inv
Posted: Tue Nov 16, 2021 7:32 am
- 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 68 times
(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.)