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BlackZzzverrR [31]
2 years ago
5

Calculate how long it would take

Social Studies
1 answer:
HACTEHA [7]2 years ago
8 0

Based on the current levels of average debt of Gen X, and the current rate of increase, it would take Gen Z about 4.22 YEARS to reach that amount.

<h3>How long would it take Gen Z debt to reach Gen X?</h3>

Using a spreadsheet, you can find out the number of periods it would take for Gen Z debt to reach Gen X debt through the NPER function.

Rate = 67.2%

Pmt = 0

PV = -16,000

FV = 140,000

The function would show a result of 4.22 years.

Find out more on Gen Z debt at brainly.com/question/27390758.

#SPJ1

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