document.write( "Question 370194: How long does it take to earn $1000 interest on a deposit of one million dollars at 9% compounded continuously? (put the answer in days) \n" ); document.write( "
Algebra.Com's Answer #263850 by robertb(5830) You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "ln1.001 = 0.09t, \n" ); document.write( "t = ln1.001/0.09 = 0.0111 yr, or 4 days, virtually. (Used 365 days in a year.) \n" ); document.write( " |