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QUESTION
Have a question about a problem: You put $200,000 in an account earning 12%. How long until it grows to $1,000,000?
Have a question about a problem:
You put $200,000 in an account earning 12%. How long until it grows to $1,000,000?
The answer I got was 14.2 but I don't know if this is correct
NPER
Rate: .12
pmt: 0
PV: 200000
FV: 1000000
Did I compute this correctly?
