document.write( "Question 196328This question is from textbook Finite Math and Applied Calculus
\n" ); document.write( ": Hi,
\n" ); document.write( "Please help. Pretty sure I'm to use: A=P(1+r/m)^mt but want to be sure.\r
\n" ); document.write( "\n" ); document.write( "\"Suppose that you win $420,000 in a lottery. If this money is invested in a fund paying 6.5% compounded weekly, how long (in weeks) will you need to wait to become a millionaire?\"\r
\n" ); document.write( "\n" ); document.write( "thank you in advance for your help!
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Algebra.Com's Answer #147168 by Mathtut(3670)\"\" \"About 
You can put this solution on YOUR website!
\"1000000=420000%281%2B.065%2F52%29%5E%2852%28t%29%29\"
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\n" ); document.write( "\"2.38=%281.00125%29%5E%2852%28t%29%29\"
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\n" ); document.write( "log2.38 =.376759395
\n" ); document.write( ":
\n" ); document.write( "log \"1.00125%5E52t\"=52tlog(1.00125)
\n" ); document.write( ":
\n" ); document.write( ".3768=52t(.00054)
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\n" ); document.write( ".3768=.02808t
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\n" ); document.write( "t=13.42 years
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