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To find out how many years it will take for $5,000 to grow to $1,000,000 at a 9% annual interest rate, we can use the formula for compound interest: ( A = P(1 + r)^t ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount, ( r ) is the annual interest rate, and ( t ) is the number of years. Rearranging the formula to solve for ( t ) gives ( t = \frac{\log(A/P)}{\log(1 + r)} ). Plugging in the values (( A = 1,000,000 ), ( P = 5,000 ), ( r = 0.09 )), we find that it will take approximately 27.7 years for the investment to grow to $1,000,000.
What else can I help you with?
5000 at 6 percent for 4 years?
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
What is 50 percent of 1 percent of 1million dollars?
0.5 x 0.01 x 1000000 = $5000
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
How many 5000 make 1000000?
5000 x 200 = 1000000
What is 5 percent interest on 5000 dollars?
250.00.
What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
5000 at 6 percent for 4 years?
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
What cost per month for 5000 at 2.9 percent interest for 2 years?
$214.68
What is 50 percent of 1 percent of 1million dollars?
0.5 x 0.01 x 1000000 = $5000
5000 at 5 percent compound interest 3 years?
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12
How much will you have in 10 years if you deposit 5000 today and earn 8 percent annual interest?
10795
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
How many 5000 make 1000000?
5000 x 200 = 1000000
What would be the simple interest if the compound interest on the same sum for 2 years at 4 percent be Rs 408?
Interest = Rs 408 so capital = 5000. So the simple interest would be 5000*4/100*2 = Rs 400.
What is 5 percent interest on 5000 dollars?
250.00.
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
