answersLogoWhite

0


Best Answer

66,000 (1.01125)4t = 200,000

Divide each side by 66,000:

(1.01125)4t = 100/33

Take the log of each side:

4t log(1.01125) = log(100) - log(33)

Divide each side by [ 4 log(1.01125) ]:

t = [ log(100) - log(33) ] / [ 4 log(1.01125) ] =

[ 2 - 1.51851 ] / [ 4 x 0.0048585 ] =

0.48149 / 0.019434

t = 24.7755 (rounded)

--------------------------------------------------

I think we just calculated that $60,000 invested at 4.5% compounded quarterly

will grow to $200,000 in 24.7755 years.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Solve for t 66000 times 1.01125 raised to the 4t power equals 200000?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Solve for t 66000 times 1.01125 raised to 4t equals 200000?

Assuming I read this right: 66000 x 1.011254t = 200000 1.011254t = 200000 / 66000 = 100/33 taking logs of both sides 4t log 1.01125 = log(100/33) t = log(100/33) / (4 x log 1.01125) Logs used can be any base, but must be the same base: t ~= 24.77527


What is 20 percent of 66000?

20% of 66000= 20% * 66000= 0.2 * 66000= 13,200


What is 65745 rounded to the nearest thousand?

66000


What is 30 percent of 66Thousand dollars?

30% of $66000 = $19800 = 30% * $66000 = 30%/100% * $66000 = $19800


What is 66000 times 666000?

66000 x 666000 = 43956000000


What is 66016 rounded to the nearest 100?

66000


How many miles are there in 66000 feet?

There are 5280 feet in one mile. Therefore, 66000 feet is equal to 66000/5280 = 12.5 miles.


How many meters in 66000 feet?

There are 0.3048 metres in one foot. Therefore, 66000 feet is equal to 66000 x 0.3048 = 20116.8 metres.


What is 11x4x5x3x100?

It is 66000.


What percent of 66000 is 4000?

It is: 4000/66000 times 100 = 6.'06'% recurring decimals '06'


How much is 66000 mph in miles per second?

66000 x 60 x 60 = 237,600,000 seconds


What is 660 rounded to the nearest percent?

660 is 660 × 100% = 66000%.