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CTERM(R, FV, PV)This function calculates the number of compounding periods required for an investment of PV to reach a value of FV at the given interest rate R. Parameters R Interest rate FV Future value of the investment PV Present value of the investment Examples CTERM(0.085, 1500, 1000) = 4.97 (years, if the annual interest rate is 8.5%) CTERM(B5, D5, C5) = 11 where B5 = 10.5%, D5 = $300,000, and C5 = $100,000 CTERM(.09, 1900, 1100) = 6.3 |