- #1
rock4christ
- 34
- 0
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)^{x}=1000000, and solve for x
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 x
I get 197, which is months, 197/12=16.4yr. about. is that right?