Question 1172129
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{{{ F = Pe^(rt) }}}
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r = rate
t = time
P = Principal
F = Future value
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{{{ 1000000 = 280e^(0.08t) }}}<br>

{{{ 1000000/280 = e^(0.08t) }}}<br>

{{{ ln(1000000/280) = 0.08t }}}<br>

{{{ 8.180721 = 0.08t }}}<br>

{{{ t = 8.180721/0.08 }}} = {{{ 102.26 }}} years <br>

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That's a long time to wait.  
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If a person can put in $2,000 at the start, and then $2000 each year,  they would have more than $1,000,000 after 46 years, assuming 8% return per year.