- #1

- 34

- 0

## Main Question or Discussion Point

say i have an amount of say $20000 in my savings account and at 2% interest per month when will I have 1 million?

my current method is 20000(1.02)

I get 197, which is months, 197/12=16.4yr. about. is that right?

my current method is 20000(1.02)

^{x}=1000000, and solve for xI get 197, which is months, 197/12=16.4yr. about. is that right?