document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1160407>Question 1160407</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Bill currently pays a $605 premium for health insurance. If the premium increases at an annual rate of 12.03% per year, how many years will it take for the premium to be $5876.35? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #783685 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=783685\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 605(1.1203)^t=5876.35<BR>\n" );
document.write( "1.1203^t=9.713  don't round<BR>\n" );
document.write( "log of both sides<BR>\n" );
document.write( "t log 1.1203=0.98735<BR>\n" );
document.write( "t=20.013 years\r<BR>\n" );
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