both start with 600$
anna get 10.5%, zak=6.5%
Kontinuyus kompound is NOT reel, me yuze monthly
quesshun1...how long for zak tu be werth 900$ ??
900/600=1.5
6.5% become 0.0054166666 (monthly0
time value/start value=1.005416666^nummonths =1.5
log(1.5)=nummonths*log(1.005416666)
so nummonths=log(1.5)/log(1.005416666)
=0.176091259/0.00234607991
=426.2429*0.176091259
=75 months or 6.25 yeers
###### anna get 10.5%, become 0.00875 per month
her invest gro...(1.00875)^75=1.922056
600$*1.9221=1,153.23$