# MCF3Mlesson10.odt - Finding the Number of Years and...

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___ Finding the Number of Years and Interest Rate using Technology Instructions: Answer the following questions by recording the calculator’s screen as well as stating your conclusion in one sentence. 1. A used car costs \$3 500. If a person invests half of the money now, how long would it take until the person had the full amount? The investment offers 3.5% compounded monthly. N= 238 I%= 3.5% PV= \$1,750 PMT= 0 FV= \$3,500 P/Y= 12 C/Y= 12 PMT: END Conclusion: The number of periods was 238, which means that the person took 238/12

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• Winter '18
• \$3,500, \$1,750, \$5 000, \$3 500, MCF3M

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