SOLUTION: How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continously?
I mainly want the formula to solve this. But th
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I mainly want the formula to solve this. But th
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Question 589887: How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continously?
I mainly want the formula to solve this. But the answer and solution would be helpful. Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continously?
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0.1t = ln(1000) = 6.907755
t =~ 69 years
