How long will it take $($in years and months$),$ for $$500$ to triple in value, if it earns interest at $3\mathrm{.}05\%$ compounded monthly.

Round the month to the next higher month $($e$.$g$.7\mathrm{.}1$ becomes $8).$ Do not enter a value of $12$ months, it must be converted to another year $($e$.$g$.2$ years $12$ months must be converted to $3$ years $0$ months$).$ Years must be an integer. If years is an exact integer such as $17$ years $0$ months, a zero must be entered for months. All answer boxes must have an entry!

$\frac{\text{I}}{Y}=$

$6$

$\frac{P}{Y}=\frac{C}{Y}=$

$PV=$$

$PMT=$

$FV=q$

Time

$=$ years and

months