Tuesday
September 16, 2014

Homework Help: Pre- Cal

Posted by Min on Monday, February 27, 2012 at 8:09pm.

How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continuously?

I got 70 years, but it is wrong.
I used the P (1+ (r/m))^mt

Thank you.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - How should I approach this, what formula do I use to solve and how do I ...
math - So I think I have got these down I just really want to double check the ...
Pre-Cal - This exercise is based on the following table, which lists interest ...
Pre-Cal - This exercise is based on the following table, which lists interest ...
Pre-Cal - This exercise is based on the following table, which lists interest ...
Calc - How much money will we have in 6 months if we invest $1000 into an ...
Pre-Cal - If the interest on a long-term Canadian(3/8%) investment is compounded...
pre calculus - Which is worth more after 5 years, an investment of $1000 at 5% ...
college - how long will it take $1250 to become $2000 at 3.5% interest ...
algebra - The amount of money in an account with continuously compounded ...

Search
Members