Question

Solve for the unknown number of years in each of the following


Solve for the unknown number of years in each of the following (Do not round Solve intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): 

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Answer #1

Solution : Future value = present value(1+rate)^time

1. 11yrs 6months or 11.6

2. 9 yrs 6 months or 9.6

3. 18 yrs 6 months or 18.6

4. 22 yrs 5 months or 22.5

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