When will I be a millionaire?

Barry monthly send 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months must Barry save to save 1000000 euros? Inflation, interest rate changes, or bank failures are ignored.

Correct answer:

n =  1133 months

Step-by-step explanation:

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



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