Question: You currently have $ 6 , 4 0 0 ( Present Value ) in an account that has an interest rate of 7 % per

You currently have $6,400(Present Value) in an account that has an interest rate of 7% per year compounded annually (1 times per year). You want to withdraw all your money when it reaches $14,080(Future Value). In how many years will you be able to withdraw all your money?

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