<PRE><B>Question 1155375</B>
.


In this problem, &amp;nbsp;as in &amp;nbsp;ANY &amp;nbsp;OTHER &amp;nbsp;discretely compounding problem, &amp;nbsp;the answer can be

ONLY  &amp;nbsp;integer number of compounding periods.



In this case, &amp;nbsp;the answer is &amp;nbsp;7 &amp;nbsp;years, &amp;nbsp;which is &amp;nbsp;84 &amp;nbsp;months &amp;nbsp;(84 &amp;nbsp;compounding periods).


And it is &amp;nbsp;THE &amp;nbsp;EXACT &amp;nbsp;answer to this problem - not an estimate or rounding.



Again : &amp;nbsp;&amp;nbsp;the &amp;nbsp;EXACT &amp;nbsp;and uniquely correct answer is &amp;nbsp;84 &amp;nbsp;months = 7 &amp;nbsp;years.



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