Apperoximately how many years will it take for $900 to grow to $2,343 at an auunal rate of 4.9%?
18
23
22
20
Hello, consider upvoting, kinda helps me a lot, thanks. If you have any questions, feel free to ask in the comments section.
The number of years are calculated using the NPER function as follows:-
=NPER(rate,pmt,pv,fv)
=NPER(4.9%,,-900,2343)
=20 years
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