Question 1135950
use a financial calculator to solve this, unless you need to use formulas.


using an online calculator that can be found at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


here's what the results look like.


<img src = "http://theo.x10hosting.com/2019/030305.jpg" alt="$$$" >


your imputs to this calculator are:


present value = 0
future value = 1,000,000
interest rate percent per month = 6/12 = .5
payments at the end of each month are 10,000
click on NP and the calculator tells you that the number of months required is 81.3.
divide that by 12 and it becomes 6.775 years.


using the Texas Instruments BA-II financial calculator, i get 81.29558565 months.


the online calculator rounded it to one decimal digit.