document.write( "Question 150740: If you put 420,000 in a fund paying 6.5% compounded weekly. How long will it take to become a millionaire? \n" ); document.write( "
Algebra.Com's Answer #110728 by mangopeeler07(462)![]() ![]() ![]() You can put this solution on YOUR website! 1,000,000-420,000=580,000-------------------money you need to gain\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "(.065)(420,000)=27,300----------------------6.5% of 420,000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "580,000/27,300=21.2454----------------------Exact amount of weeks it would take to become a millionaire.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Answer: \n" ); document.write( "Approximately 21 weeks \n" ); document.write( " |