document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=218358>Question 218358</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $40 at 4% (compounded daily) how long will it take for me to have $50? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #164468 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=164468\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A=P%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the compounding interest formula.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50=40%281%2B0.04%2F365%29%5E%28365%2At%29 ALIGN=MIDDLE  ALT=\"50=40%281%2B0.04%2F365%29%5E%28365%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=50 ALIGN=MIDDLE  ALT=\"A=50\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=40 ALIGN=MIDDLE  ALT=\"P=40\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.04 ALIGN=MIDDLE  ALT=\"r=0.04\"   DISABLED_style= \"max-width:90%; height:auto;\" > (note: 0.04 is the decimal equivalent of 4%) and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n=365 ALIGN=MIDDLE  ALT=\"n=365\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50=40%281%2B0.0001096%29%5E%28365%2At%29 ALIGN=MIDDLE  ALT=\"50=40%281%2B0.0001096%29%5E%28365%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.04%2F365 ALIGN=MIDDLE  ALT=\"0.04%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0001096 ALIGN=MIDDLE  ALT=\"0.0001096\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50=40%281.0001096%29%5E%28365%2At%29 ALIGN=MIDDLE  ALT=\"50=40%281.0001096%29%5E%28365%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Add.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%2850%29%2F%2840%29=%281.0001096%29%5E%28365%2At%29 ALIGN=MIDDLE  ALT=\"%2850%29%2F%2840%29=%281.0001096%29%5E%28365%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide both sides by <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=40 ALIGN=MIDDLE  ALT=\"40\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.25=%281.0001096%29%5E%28365%2At%29 ALIGN=MIDDLE  ALT=\"1.25=%281.0001096%29%5E%28365%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50%2F40 ALIGN=MIDDLE  ALT=\"50%2F40\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.25 ALIGN=MIDDLE  ALT=\"1.25\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%2810%2C%281.25%29%29=log%2810%2C%28%281.0001096%29%5E%28365%2At%29%29%29 ALIGN=MIDDLE  ALT=\"log%2810%2C%281.25%29%29=log%2810%2C%28%281.0001096%29%5E%28365%2At%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50%2F40 ALIGN=MIDDLE  ALT=\"50%2F40\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.25 ALIGN=MIDDLE  ALT=\"1.25\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%2810%2C%281.25%29%29=365%2At%2Alog%2810%2C%281.0001096%29%29 ALIGN=MIDDLE  ALT=\"log%2810%2C%281.25%29%29=365%2At%2Alog%2810%2C%281.0001096%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Pull down the exponent.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%2810%2C%281.25%29%29%2Flog%2810%2C%281.0001096%29%29=365%2At ALIGN=MIDDLE  ALT=\"log%2810%2C%281.25%29%29%2Flog%2810%2C%281.0001096%29%29=365%2At\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide both sides by <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%2810%2C%281.0001096%29%29 ALIGN=MIDDLE  ALT=\"log%2810%2C%281.0001096%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2036.0928773=365%2At ALIGN=MIDDLE  ALT=\"2036.0928773=365%2At\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate the left side with a calculator.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2036.0928773%2F365=t ALIGN=MIDDLE  ALT=\"2036.0928773%2F365=t\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide both sides by <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=365 ALIGN=MIDDLE  ALT=\"365\"   DISABLED_style= \"max-width:90%; height:auto;\" > to isolate 't'.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5.5783367=t ALIGN=MIDDLE  ALT=\"5.5783367=t\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=5.5783367 ALIGN=MIDDLE  ALT=\"t=5.5783367\"   DISABLED_style= \"max-width:90%; height:auto;\" > Rearrange the equation.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=5.58 ALIGN=MIDDLE  ALT=\"t=5.58\"   DISABLED_style= \"max-width:90%; height:auto;\" > Round to the nearest hundredth.\r<BR>\n" );
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document.write( "So it will take about 5.58 years for an initial investment of $40 to grow to $50 (compounded 365 times a year at 4%).<BR>\n" );
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