(Solving for n with non-annual periods) Approximately how many years would it take for an...
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(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow fivefold if it were invested at 12 percent compounded monthly? Assume that you invest $1 today you invest 51 at 12 percent compounded monthly, about how many years would it take for your investment to grow fivefold to 55? (Mint Remember to convert your calculator solution to years) years (Round to one decimal place)
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