Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

# 14 I am trying to calculate the number of years it will take to get from an initial investment of X to a larger goal of Y. I know the yield.

5.14

I am trying to calculate the number of years it will take to get from an initial investment of X to a larger goal of Y. I know the yield. One option pays simple interest and the other compounds monthly. How do I calculate number of years given this information? Thank you-