Question: This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

Question 1 (1 point)

How many years will the following take $1,531 your client has earmarked for her child's college education to grow to $27,201 if invested at 9.18 percent, compounded annually.

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