Approximately how many years would it take for an investment to grow fivefold if it...
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Finance
Approximately how many years would it take for an investment to grow
fivefold
if it were invested at
8
percent compounded
weekly?
Assume that you invest
$1
today.
Question content area bottom
Part 1
If you invest
$1
at
8
percent compounded
weekly,
about how many years would it take for your investment to grow
fivefold
to
$5?
(Hint:
Remember to convert your calculator solution to years.)
enter your response here
years(Round to one decimal place.)
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