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How long, to the nearest day, will it take $25,000 to grow to $500000 at 9% annual interest compounded monthly?
11 years ago

Answers

Steve
(1+.09/12)^(12x) = 500000/25000
x = 33.411 years

I figure you can calculate the required day
11 years ago
Chelsea
150 days
8 years ago

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