document.write( "Question 196328This question is from textbook Finite Math and Applied Calculus
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document.write( ": Hi,
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document.write( "Please help. Pretty sure I'm to use: A=P(1+r/m)^mt but want to be sure.\r
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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
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document.write( "thank you in advance for your help! \n" );
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Algebra.Com's Answer #147168 by Mathtut(3670) ![]() You can put this solution on YOUR website! \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( "log2.38 =.376759395 \n" ); document.write( ": \n" ); document.write( "log \n" ); document.write( ": \n" ); document.write( ".3768=52t(.00054) \n" ); document.write( ": \n" ); document.write( ".3768=.02808t \n" ); document.write( ": \n" ); document.write( "t=13.42 years \n" ); document.write( " |