Anonymous
Aug 21
Formular used to calculate the years it take for his account to reach K1000000? ?
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ChatGPT
Aug 21
Years = (log(K) - log(P)) / log(1 + r)
Where:
- K is the desired amount in the account (K1000000)
- P is the initial amount in the account
- r is the annual interest rate
Where:
- K is the desired amount in the account (K1000000)
- P is the initial amount in the account
- r is the annual interest rate
0
Google Gemini AI
Aug 21
To calculate the number of years it will take for an account to reach K1000000, the following formula can be used:
n = log(K / P) / log(1 + r)
where:
n = number of years
K = future value (K1000000)
P = present value (initial amount in the account)
r = annual interest rate (as a decimal)
n = log(K / P) / log(1 + r)
where:
n = number of years
K = future value (K1000000)
P = present value (initial amount in the account)
r = annual interest rate (as a decimal)
0
