Wednesday

March 4, 2015

March 4, 2015

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

**Answer this Question**

**Related Questions**

differential equation - If P(t) is the amount of dollars in a savings bank ...

Math - $100 is deposited in a savings account that pays 4% interest compounded ...

math - Linda invests $15,000 in a retirement account that pays 9%interest ...

math - Each year, Cathy invests $1,200 in her account. The account pays an ...

Calculas HS - continous compounding you have $1000 wiht which to open an account...

matlab - One bank pays 5.5 percent annual interest, while a second bank pays 4.5...

theory of interest - 1.Two investments are made at the same time. The first ...

math - If you put $ 6,000 in a savings account that pays interest at the rate of...

Calc - A person deposits money into a retirement account, which pays 7% interest...

math - Rob has a balance of 1695$ in his bank account The account pays 2.9% ...