Answer:
Step-by-step explanation:
A=P(1+r/c)^(ct), where a is final value, P is the initial value or principle, r is the interest rate, and c is the number of compounding periods in a year.
ln(A/P)/ln(1+r/c)=ct so
t =(ln(A/P)/(cln(1+r/c)), given A=13950, P=6700, r=0.052, c=4
t=(ln(13950/6700))/(4ln(1.013))
t=14 years
