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How many years will it take the investment

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Reference no: EM132999018

You make a 12,500 investment. How many years will it take the investment to grow to $18,000 if the investment earns 5% per year?

FV = $18,000

PV = $15,000

r = .05

Time Frame ?

Time Frame = In (Future Value / Present Value ) / n[ In(1+r/n)]

Reference no: EM132999018

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