Comments

• 5% compounded quarterly is 1.25% per quarter. 25000(1.0125)^k = 1000000 1.0125^k = 40 k ln (1.0125) = ln 40 k = ln 40 / ln (1.0125) k =approx.= 297 quarters 297 quarters = 74.25 years

  in math problem? Comment by lisa-edwards_60ae0543866e1 May 2021