Using provided data, solve for number of compounding periods. Use the I$/$Y values when looking up the factor in the tables. Do NOT use the annual values. When entering the factor, enter the amount to four decimal places, X$.$XXXX$.$ If the last value in the factor is a zero, please do not enter the zero. For example if the factor is $3\mathrm{.}2620,$ only enter $3\mathrm{.}262.$

$*$SOLVE FOR $($N$)*$

TVM Tables $($Click links to acce

Facts

PV: $$195,000$

FV: $$446,141$

Annual Interest Rate: $36\%$

I$/$Y: $3\%$

N: $($Number of compounding periods$)$: $?$

Compounded $($Y$)$: Monthly

Table Method

Factor $(?)=$ FV $($$$446,141)/$ PV $($$$195,000)=?$

Number of Compounding Periods$=?$