7.000,000=6000*(1+p)^200
log(7.000,000)=log(6000)+log[(1+p)^200)]
log(7.000,000)=log(6000)+200*log(1+p)
log(7.000,000)-log(6000)=200*log(1+p)
Divide both sides with 200
[log(7.000,000)-log(6000)]/200=log(1+p)
log(1+p)=[log(7.000,000)-log(6000)]/200
log(1+p)=(6.8450980400142568307122162585926-3.7781512503836436325087667979796)/200
log(1+p)=3.066946789630613198203449460613/200
log(1+p)=0.015334733948153065991017247303065
1+p=10^0.015334733948153065991017247303065
1+p=1.0359403135706036366295577484724
p=1.0359403135706036366295577484724-1
p=o.0359403135706036366295577484724
p=1.0359403135706036366295577484724*100%
p=3.5940313570603636629557748472399%
Could someone tell me the rate for a $6000
gift that grew to 7,000,000 over 200 years?
2 answers
Correction:
p=0.0359403135706036366295577484724*100%
p=3.5940313570603636629557748472399%
p=0.0359403135706036366295577484724*100%
p=3.5940313570603636629557748472399%