Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Number of years to provide a given returnIn the information given in following case, determine the number of years that the given ordinary annuity cash
- Number of years to provide a given returnIn the information given in following case,
determine the number of years that the given ordinary annuity cash flows must continue in order to provide the rate of return on the initial amount.
Initial amount | Annual cash flow | Rate of return |
|
$33,200 | $10,321 | 16% |
The number of investment years,
n, is years????(Round to two decimal places.)
- Number of years to equal future amountFor 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 |
|
$7,589 | $22,200 | 13% |
The number of years for this investment, n, is how many years??? ( round to two decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started