FUTURE VALUES

Lump Sum:

Multiple periods $-$ Annual Interest Compounded

Example $2\mathrm{.}4$: Calculating the number of periods

An investor is informed that an investment of R$100$ will grow to

R$310\mathrm{.}58.$ If it is known that the applied rate is $12\%,$ after how long

can the R$310\mathrm{.}58$ be collected? The use of logarithms $($or Table A$)$ is

required: