Question
Annuity. How many years will it take for a payment of $288 to grow to $9908.74...
Annuity. How many years will it take for a payment of $288 to grow to $9908.74 at a compound rate of 11 percent. The correct answer is 15. I need to find an excel formula that will give me the answer of 15. I need to convert this word problem into an excel formula that will give me the same correct answer of 15.
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