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16 (Solving for n with non annual periods) Approximately how many...

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(Solving for n with non annual periods) Approximately how many years would it take for an investment to grow twofold it were invested at 12 percent compounded quarterly? Assume that you invest $1 today If you invest $1 at 12 percent compounded quarterly, about how many years would it take for your investment to grow twofold to $2? Hint Remember to convert your calculator solution to years) years (Round to one decimal place)

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