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August 22, 2014

August 22, 2014

Posted by **thomas** on Monday, January 7, 2013 at 11:19am.

- math -
**Reiny**, Monday, January 7, 2013 at 12:29pmAssuming compound interest at 6.5% compounded annually

1000(1.065)^n = 18600

1.065^n = 18.6

log 1.065^n = log 18.6

n log 1.065 = log 18.6

n = log 18.6 / log 1.065 = appr 46.4 years

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