document.write( "Question 589887: How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continously?\r
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document.write( "I mainly want the formula to solve this. But the answer and solution would be helpful. \n" );
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Algebra.Com's Answer #374967 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continously? \n" ); document.write( "----------------- \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "0.1t = ln(1000) = 6.907755 \n" ); document.write( "t =~ 69 years \n" ); document.write( " \n" ); document.write( " |