Use the model A = Pe^rt or A = P( 1 + r/n )^nt, where A is

Last updated: 7/26/2022

Use the model A = Pe^rt or A = P( 1 + r/n )^nt, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If a couple has $200,000 in a retirement account, how long will it take the money to grow to $1,000,000 if it grows by 6% compounded continuously? Round up to the nearest year.