document.write( "Question 1061126: $4,482 is deposited into a savings account at 4% interest, compound annually. To the nearest year, how long will it take for the account balance to reach $1,000,000? \n" ); document.write( "

Algebra.Com's Answer #675937 by addingup(3677) $\"\"$ $\"About$

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1,000,000=4,482(1+0.04)^x
\n" ); document.write( "223.11 = (1.04)^x
\n" ); document.write( "log(223.11) = log(1.04)^x
\n" ); document.write( "log(223.11) = x*log(1.04)
\n" ); document.write( "x = [log(223)]/[log(1.04)]
\n" ); document.write( "x = 137.865 years\r
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