P(1+3) Use A = P1+ where: A = the amortized amount (total loan/investment amount over the life of the loan/investment)

P = the initial amount of the loan/investment r = the annual rate of interest

n = the number of times interest is compounded each year

t = the time in years

Find how long it takes $1,300.00 to double if it is invested at 10% compounded semi-annually. It will take years. (Round answer to 3 decimal places.)