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How many years will it take $2 million to grow to $6.20 million with an annual interest

1. How many years will it take $2 million to grow to $6.20 million with an annual interest rate of 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)    Period   ________years

2. Compute the future value in year 7 of a $3,100 deposit in year 1 and another $2,600 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)      Future Value __________$

May 19 2018 Read more Less More

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