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Waiting period. Susan Norman seeks your financial advice. She wants to know how long it will take her to become a millionaire. She tells you

Waiting period. Susan Norman seeks your financial advice. She wants to know how long it will take her to become a millionaire. She tells you that she has $1 comma 330 today and wants to invest it in an aggressive stock portfolio. The historical return on this type of investment is 18% per year. How long will she have to wait if the $1 comma 330 is the only amount she invests and she never withdraws from the market until she reaches her $1 million? (Assume no taxes on the earnings.) What if the rate of return is only 14%annually? What if the rate of return is only 10%annually?
Question content area bottom
Part 1
How long will Susan have to wait to become a millionaire if she invests $1 comma 330 today at an annual rate of return of 18%?
enter your response here years (Round to two decimal places.)
Part 2
How long will Susan have to wait to become a millionaire if she invests $1 comma 330 today at an annual rate of return of 14%?
enter your response here years(Round to two decimal places.)
Part 3
How long will Susan have to wait to become a millionaire if she invests $1 comma 330 today at an annual rate of return of 10%?

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