Question: Please show how to solve this in a excel equation. Have answer just dont know how to get it. If you deposit $1,000 per year

Please show how to solve this in a excel equation. Have answerPlease show how to solve this in a excel equation. Have answer just dont know how to get it.

If you deposit $1,000 per year into an account that pays 11 percent interest, how long will it take to accumulate a balance of $20,000 ? [20,000 FV, -1,000 PMT, 11I/YR,N]=11.15 years; since interests are paid at the end of the year only, it would take 12 years

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