Question
Number of years needed to accumulate a future amount For the following case, determine the number of years it will take for the initial deposit
Number of years needed to accumulate a future amount
For the following case, determine the number of years it will take for the initial deposit to grow to equal the future amount at the given interest rate.
| Initial deposit | Future amount | Interest rate |
| $21,126 | $39,900 | 11% |
The number of years for this investment, n, is ?(Round to two decimal places.)
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
