say i have an amount of say $20000 in my savings account and at 2% interest per month when will I have 1 million?(adsbygoogle = window.adsbygoogle || []).push({});

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?

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# Figuring point in savings account

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