Calculate time interval to earn X amount of interest using specific rate

  • Hi,

    I am looking to get a problem solved and am at the end of my wits. Here is what I would like to accomplish:

    I need a formula that calculates the time between to monetary amounts. I have $ 1 million and need $ 1.875 million - how long will this take me with a 9% interest rate?

    Any thoughts?
    Thanks
    Karin

  • Re: Calculate time interval to earn X amount of interest using specific rate


    Hello karin,


    Welcome to Ozgrid.


    Thread titles are used in forum searches, therefore it is vital the title be written using only search friendly key words that accurately describe your thread content or overall objective, while avoiding the using of non-essential words and phrase such as "Looking for", "I need", "Help with", etc. Such words only dilute the title/search results and are of no help to those searching the forum for solutions to a similar need.


    Please note the change to your title as an example and in future threads take care to be more precise. Thanks.

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