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Calculating the Number of Periods Solve for the unknown number of years in each of the following PRESENT VALUE YEARS INTEREST RATE FUTURE VALUE $ 625 810 18,400 21,500 $ 1,284 4,341 234,162 215,000 5% 10 lona does it take to double your

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Answer #1

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we have to use financial calculato to solve this problem
Put in calculator below for each individual case
Case- 1 Case- 2 Case- 3 Case- 4
PV -625 -810 -18400 -21500
FV 1284 4341 234162 215000
I 6% 9% 7% 10%
PMT 0 0 0 0
Compute N       12.36       19.48       37.60       24.16
required years       12.36       19.48       37.60       24.16
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