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?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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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?

 

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