document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=735830>Question 735830</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How many years will it take to grow \r<BR>\n" );
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document.write( "a. $765 to a value of 2,028 at a compound rate of 14 percent\r<BR>\n" );
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document.write( "b. $321 to a value of 450.22 at a compound rate of 12 percent\r<BR>\n" );
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document.write( "c. $881 to a value of  1,305.78 at a compound rate of 7 percent </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #449562 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=449562\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How many years will it take to grow <BR>\n" );
document.write( "a. $765 to a value of 2,028 at a compound rate of 14 percent<BR>\n" );
document.write( "I'll do the first:<BR>\n" );
document.write( "A(t) = p(1+(r/n))^(nt)<BR>\n" );
document.write( "2,028 = 765(1+(0.14/1))^(1*t)<BR>\n" );
document.write( "2.651 = 1.14^t<BR>\n" );
document.write( "t*log(1.14) = log(2.651)<BR>\n" );
document.write( "t = 7.44 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( "b. $321 to a value of 450.22 at a compound rate of 12 percent <BR>\n" );
document.write( "c. $881 to a value of 1,305.78 at a compound rate of 7 percent<BR>\n" );
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