Friday

July 25, 2014

July 25, 2014

Posted by **Debbie** on Monday, May 14, 2012 at 10:51pm.

- Finance -
**Reiny**, Tuesday, May 15, 2012 at 12:02ami = .025/12 = .002083333..

n = ?

10000= 250( 1 - 1.00208333^-n)/.00208333

.0833333 = 1 - 1.00208333^-n

1.00208333^-n = .9166666

take log of both sides and use log rules

-n log 1.002083333 = log .916666

-n = -41.8

n = 41.8 months

appr. 42 months

**Related Questions**

consumer math - You owe $1,350.00 on a credit card with a 14.25% APR. You pay $...

Algebra - After one month at a new job you decide to save $50. Each month you ...

Algebra 2 - After one month at a new job you decide to save $50. Each month you ...

Finance - You want to save $200 a month for the next 24 years and hope to earn ...

Algebra - Monthly Budget: You earn $250 per month from your part-time job. You ...

math - Jeanette wishes to retire in 30 years at age 55 with retirement savings ...

Finance - How long would it take to accumulate $2,000,000 at a rate of 5% with ...

Finance - A guy borrows $5000 and wants to repay it $190 per month starting at ...

math - a man saved a sum of 200 dinars in the first month, 250 in the second ...

finance (saving for $1,000,000) - At age 5, how much would you have to save per ...