THE QUESTION IS THAT I NEED A NARRATIVE ANALYSIS.............ON PROBLEM 3.

I HAVE THE ANSWER I NEED THE NARRATIVE ANALYSIS AND WHAT WOULD YOU RECOMMEND TO THE COMPANY.

PLEASE DO NOT WRITE OUT THE ANSWER THAT I ALREADY HAVE.

How many years will it take for $197 million to grow to be $554 million if it is invested in an account with a quoted annual interest rate of 5 percent with monthly compounding of interest?

Question 1 Monev at the end of cumulatig vears (FV)-PV x (1trAN PV 95 Million FV = Future Value PV = Present Value r = Interest Rate (as a decimal value), and n Number of Periods 3.5 10 FVI 95* ( 1+.035) 10 134.01 Milllion Question 2 Money need to invest to get 14 Million after 13 vears PV FV/ (1+r)An 1+.04 13-$ 1.67 Money need to invest to get 14 Million after 13 years 14 Million /1.665073 8.41 Million Question 3 Cumulative interest Factor to Grow to 554 Number of Years ( n )In = In(FV / PV) / ln(1 + r) Monthly interest rate .05/12-.004166667 Number of Months= | In554/197)/In(1+.004166 Number of Months Number of Years (n) 248.67 20.7225