About how many years would it take for your investment to grow fourfold if it were invested at an APR of 16 percent compounded semiannually? If you invest $1 at an APR of 16 percent compounded semiannually, about how many years would it take for your investment to grow fourfold to $4? (Round to the nearest whole number.)

About how many years would it take for your investment to grow fourfold if it were invested at an APR of 16 percent compounded semiannually? If you invest $1 at an APR of 16 percent compounded semiannually, about how many years would it take for your investment to grow fourfold to $4? (Round to the nearest whole number.)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 7PROB

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