Even if you are given a present value,a future value,and an interest rate,solving for the time period "n" is still a trial-and-error process.

Question

Quizplus · Accepted Answer

The time period "n" can be solved algebraically using the formula for present value or future value when the interest rate and either the present or future value are known, eliminating the need for a trial-and-error process.

Even If You Are Given a Present Value,a Future Value,and