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April 21, 2014

Homework Help: finance

Posted by mb on Thursday, September 8, 2011 at 3:28pm.

If I wanted to calculate how the number of years it takes to save x number of dollars, How will I do so. I have the PV,FV and the interest rate.

Can you also tell me what 1n is in the following formula:
ln(FV / PV) / ln(1 + r)

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