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August 23, 2014

August 23, 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

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