Answer:
how many years will it take for Jane to reach her goal?
19 years
Explanation:
Years Investm % Int. Int. capital
1 20.000,00 8% 1.600 21.600
2 29.100,00 8% 2.328 31.428
3 38.928,00 8% 3.114 42.042
4 49.542,24 8% 3.963 53.506
5 61.005,62 8% 4.880 65.886
6 73.386,07 8% 5.871 79.257
7 86.756,95 8% 6.941 93.698
8 101.197,51 8% 8.096 109.293
9 116.793,31 8% 9.343 126.137
10 133.636,78 8% 10.691 144.328
11 151.827,72 8% 12.146 163.974
12 171.473,94 8% 13.718 185.192
13 192.691,85 8% 15.415 208.107
14 215.607,20 8% 17.249 232.856
15 240.355,77 8% 19.228 259.584
16 267.084,24 8% 21.367 288.451
17 295.950,98 8% 23.676 319.627
18 327.127,05 8% 26.170 353.297
19 360.797,22 8% 28.864 389.661
