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DQuestion 1 1 pts You invest $1775 today and expect to withdraw $2760. How many years will it take to for your investment to grow to $2760 if you earn 6% per year? round year to 2 decimal places)

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Answer #1

Function Arguments Rate 16% Pmt 0 0.06 Pv 1775 Fv 2760 = 2760 Type - number 7.575742725 Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate. Fv is the future value, or a cash balance you want to attain after the last payment is made. If omitted, zero is used. Formula result 7.58 Help on this function OK Cancel

Hence, It will take 7.58 years

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