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Can you please help me solve this problem step by step using the following formula? N=1n(FV) – 1n(PV) 1n (1+ i) How many years will the following take? $545 to grow to $7,916 if invested at 13.40 percent, compounded annually. Round the answer to two decimal places.

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Can you please help me solve this problem step by step using the following formula?

N=1n(FV) – 1n(PV)

1n (1+ i)

How many years will the following take? $545 to grow to $7,916 if invested at 13.40 percent, compounded annually. Round the answer to two decimal places.

 
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