document.write( "Question 732277: How many years will it take for an initial investment of $15000 to grow to $32300? Assume a rate of interest of 15% compounded daily. \r \n" );
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document.write( "I've been stuck on this problem for what seems like forever...\r \n" );
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document.write( "I've tried plugging it in to this savings formula which is \r \n" );
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document.write( "A=PMT[(1+APR/n)^ny-1 over APR/n] *PMT \r \n" );
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document.write( "A=accumulated amount after so many years, 32300 \n" );
document.write( "PMT= which is the initial amount \n" );
document.write( "APR= rate, 15% \n" );
document.write( "n= the number of times per year, which is .15/365 =.000410959 \n" );
document.write( "y= we are looking for the years.. \r \n" );
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document.write( "I think i need to use log for this , I just do not know how \n" );
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document.write( "so if you can help me out, it would be greatly appreciated\r \n" );
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document.write( "-Stephanie \n" );
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