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This Question: 1 pt 1 of 20 (0 complete) This Test: 20 pts possi (Solving...

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This Question: 1 pt 1 of 20 (0 complete) This Test: 20 pts possi (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 15 percent compounded semiannually? Assume that you invest $1 today If you invest 51 at 15 percent compounded semiannually, about how many years would it take for your investment to grow fivefold to 557 (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)

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