a). FV = PV * e(r * t)
= $5,300 * e(0.036 * 5)
= $5,300 * e0.18 = $5,300 * 1.1972 = $6,345.25
b). Interest Earned = Future Value - Present Value = $6,345.25 - $5,300 = $1,045.25
c). n = [log(FV/PV)] / [log(1 + r)]
= [log($17,000/$5,300)] / [log(1 + 0.036)]
= [log(3.2075)] / [log(1.036)]
= 1.1655 / 0.03537 = 32.954 years
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