Need help with these questions about financial math.
1) FV = PV x e^(0.09t)
$30,000 =$15,000 x e^(.09t), solve for t
t =100ln(2)/9 =~7.7 years.
2) FV =20,000 x e^(0.0875*20)
FV =20,000 x 5.754602676....
FV =$115,092.05 - what James will have when he is 20 years old.