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Number of years to provide a given return In the information given in following case, determine the number of years that the given oridinary annuity
Number of years to provide a given returnIn the information given in following case,
determine
the number of years that the given oridinary annuity cash flows must continue in order to provide the rate of return on the initial amount.(Click on the icon here
in order to copy the contents of the data table below into a spreadsheet.)
Initial amount | Annual cash flow | Rate of return |
$10,600 | $4,896 | 4% |
The number of investment years,
n,
is
nothing
years.(Round to two decimal places.)
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