document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1135950>Question 1135950</A>: <I><SPAN STYLE=\"word-break: break-all;\"> small business invests R10 000 at the end of each month in an account that earns 6% p.a. compounded<BR>\n" );
document.write( "monthly. How long will it take until the business has R1 000 000 toward the purchase of its own office<BR>\n" );
document.write( "building? (Round your answer up to the next integer) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #753673 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=753673\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> use a financial calculator to solve this, unless you need to use formulas.\r<BR>\n" );
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document.write( "using an online calculator that can be found at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "here's what the results look like.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2019/030305.jpg\" alt=\"$$$\" >\r<BR>\n" );
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document.write( "your imputs to this calculator are:\r<BR>\n" );
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document.write( "present value = 0<BR>\n" );
document.write( "future value = 1,000,000<BR>\n" );
document.write( "interest rate percent per month = 6/12 = .5<BR>\n" );
document.write( "payments at the end of each month are 10,000<BR>\n" );
document.write( "click on NP and the calculator tells you that the number of months required is 81.3.<BR>\n" );
document.write( "divide that by 12 and it becomes 6.775 years.\r<BR>\n" );
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document.write( "using the Texas Instruments BA-II financial calculator, i get 81.29558565 months.\r<BR>\n" );
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document.write( "the online calculator rounded it to one decimal digit.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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