Question

Solve for the unknown number of years in each of the following (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)):

Present Value				Years			Interest Rate				Future Value
	$	195						9	%			$	1,105
		2,105						7					3,700
		47,800						12					387,120
		38,650						19					198,212

Answer 1

Present value	Years	Interest rate	Future value
$                  195	20.13	9.00%	$           1,105
	NPER(9%,0,-195,1105)
$              2,105	8.34	7.00%	$           3,700
	NPER(7%,0,-2105,3700)
$            47,800	18.46	12.00%	$       387,120
	NPER(12%,0,-47800,387120)
$            38,650	9.40	19.00%	$       198,212
	NPER(19%,0,-38650,198212)