When will I be a millionaire?

Barry sends 280 euros to the bank each month, which bears interest at 2.1% p.a. Calculate how many months Barry must save to accumulate 1000000 euros. Ignore inflation, changes in interest rates, and bank failures.

Final Answer:

n =  1133 months

Step-by-step explanation:

n=log(1+100122.1)log(2801001210000002.1+1)=1133 months



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