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April 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.

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