How can you know if the person or organization providing the information has the credentials and knowledge to speak on this topi
1 answer:
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Answer:
10.24 years
Explanation:
For this question we use the NPER function that is shown on the attachment. Kindly find it below:
Data provided in the question
Present value = $5,000
Future value = $10,000
Rate of interest = 7%
PMT = $0
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be 10.24 years
