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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

  1. 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.)

  1. 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)

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