11. (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 17 percent compounded semiannually? Assume that you...

Extracted text: 11. (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 17 percent compounded semiannually? Assume that you invest $1 today. If you invest $1 at 17 percent compounded semiannually, about how many years would it take for your investment to grow sevenfold to S7? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)