2. You plan to invest in securities that pay 8.0%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to double? 3. Using the information in the problem above; How many years will it take if monthly compounding, assuming everything else is the same? (Round to tenth decimal)
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Home » Business » 2. You plan to invest in securities that pay 8.0%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to double? 3.