Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The easlest way to solve for the investment period ( t ) if given the interest rate ( r ) , future value ( F
The easlest way to solve for the investment period if given the interest rate future value and present value is to
rearrange the present value formula and solve for number of periods
Reason: This can be done but using the financial calculator is easier.
use the present value interest factor table
use the future value interest factor tables
use a financial calculator
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