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When you turned 13, you received $600 which you invested at 8.5 percent interest, compounded annually. Your investment is now worth $4,000 How old are

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When you turned 13, you received $600 which you invested at 8.5 percent interest, compounded annually. Your investment is now worth $4,000 How old are you today? Identify the time value of money components given in this problem. (List all items as positive) Present Value = Future Value = InterestRate=% Now calculate the time that's elapsed. Remember, in a financial calculator you must use opposite signs on your PV and FV. T= (use two decimal places) How old are you today? (your age is always rounded down - even when you're 99.90 you would still say you're 99 years old)

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