How many years will it take for ​$500 to grow to ​$1039.50 if​ it's invested at 5 percent compounded​ annually?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EB: How much would you invest today in order to receive $30,000 in each of the following (for further...
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(Solving for n​)  How many years will it take for ​$500 to grow to ​$1039.50 if​ it's invested at 5 percent compounded​ annually?

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