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I need to find the number of periods in the following time value problem: (compound interest) FV= 70,000 PV= 47811 interest rate= 10% I want
I need to find the number of periods in the following time value problem: (compound interest)
FV= 70,000 PV= 47811 interest rate= 10% I want to use the FV formula: FV=PV(1+i)^n. n=number of periods is the unknown
70000/47811= 1.464098 this is the factor but I do not know how to work with n
thanks for your help
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