Wednesday

August 27, 2014

August 27, 2014

Posted by **tania** on Thursday, June 28, 2012 at 1:43am.

- Math -
**Reiny**, Thursday, June 28, 2012 at 10:39am25000 = 15000(1.015)^n , where n is the number of quarter years

5/3 = 1.015^n

log both sides

log (5/3) = log (1.015^n)

log5 - log3 = n log 1.015

n = (log5 - log3)/log 1.015 = appr 34.3 quarters

or 11.4 years or 137 months

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