You deposit $10,000 and want it grow to $30,0000. If you can make 2.2% interest compounded daily, how long will it take in years? Round to two decimal places.
Where, |
Rate = Periodic Interest rate |
Nper = No. of periods |
pmt = periodic payments |
PV= Amount Invested |
FV = Future value of amount invested |
Type= 0 if the amount paid at the end of period,1 if paid at the beginning. |
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