Question 340983
{{{(1-(1.06)^(-n))/0.06=8.384 }}}
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{{{(1-(1.06)^(-n))/0.06=8.384 }}}
{{{1-(1.06)^(-n)=8.384(0.06)=0.50304}}}
{{{(1.06)^(-n)=1-0.50304=0.49696}}}
{{{log(e,1.06^(-n))=log(e,0.49696)}}}
{{{-n*log(e,1.06)=log(e,0.49696)}}}

{{{n=log(e,0.49696)/(-log(e,1.06))=-0.699246/-0.058269=12}}}
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validate by substituting n=12 in {{{(1-(1.06)^(-n))/0.06=8.384 }}}
{{{(1-(1.06)^(-12))/0.06=8.384 }}} you should see that the left hand side does equal 8.384