Future value =Present value (1+i)^n
1,000,000 = 50,000 (1+.105)^n
1000000/50000 = (1.105)^n
20 = (1.105)^n
Taking log both sides
log 20 = log (1.105)^n
log 20 = n log 1.105 [log m^n = n log m]
1.30103= n (.04336)
n= 1.30103 /.04336
= 30 years rounded
#Find log values from log table or using online calculator .
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