What amount of time is necessary to realize given situation

Reference no: EM13899383

1. I anticipate having the amount of $4,000.00 after an unknown period of time. The monetary present worth is $2,357.35. The rate is 4.7%. What amount of time is necessary to realize this situation?

2. I anticipate having the amount of $982.22 after a period of 7 years. The monetary present worth is $777.35. However, the necessary rate is unidentified. What is the necessary rate to realize this situation?

Reference no: EM13899383

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