Often we are interested in how long it will take to accumulate money or how long we’d need to extend a loan to bring payments down to a reasonable level. Note: This section assumes you’ve covered sol...Often we are interested in how long it will take to accumulate money or how long we’d need to extend a loan to bring payments down to a reasonable level. Note: This section assumes you’ve covered solving exponential equations using logarithms, either in prior classes or in the growth models chapter.
