Home / Questions / initial deposit $498 future amount $1300 interest rate 4% Quiz: Practice Questions Chapte
initial deposit $498 future amount $1300 interest rate 4%
Quiz: Practice Questions Chapter 5 (Module 2: Time Value of Money) This Question: 1 pt 23 of 23 (22 complete) Number of years to equal future amount For the following case, determine the number of years it will take for the intial deposit to grow to equal the future amount at the given interest rate. (Click on the loon locatec a spreadsheet) Initial deposit Future amount interest rate $498 $1 300 The number of years for this investment, n, isyears (Round to two decimal places)
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