$100,000 for 20 years compounded at 4% annually results in a rate per period of:
1 answer:
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Answer:
Years = natural log (Total / Principal) / Rate
Years = natural log (1,000,000 / 2,500) / .02
Years = natural log (400) / .02
Years = 5.9914645471 / .02
It would take 299.573227355 Years
Source: http://www.1728.org/rate2.htm
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Answer:
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