Show The Growth Of Savings In A Bank Account Using Input From Two Text Boxes?

Mar 29, 2010

I'm using VB 2008 express edition.I have to show the growth of savings in a bank account using input from two text boxes that will be deposit amount and interest rate. I have attached a picture of my form.I have declared my variables and now I'm working on my processing.When the compute button is hit, based on the deposit amount and the interest rate, the amount of years it takes to double the money and the amount of years it takes to become a millionaire with that amount will be displayed in the lower text boxes.

Here's some of my math reasoning...

Doubling time formula : 2P = P(1+ i)^n I tried solving for ^n and got: n = logP(1 + i)/log2P

Is this correct? How do I express logarithms in VB?As for the amount of years that it takes to become a millionaire, can I simply take the deposit amount for example $500 dollars and divide 1,000,000 by 500 to get 2000 so it takes 2000 deposits of 500 dollars each to reach 1 million. Is my arithmetic correct?

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