math help..specifically compounding interest?

[mr_coolmaaz]

$2500 is invested every year into an annuity paying 8% annual interest. How long will it take for the investment to be worth $500,000?

i think the equation is A=P(1+r/n)^nt

thank you..

 

[wholesaleuggboots]

Your time is too long, investment is perhaps nothing more short-term and long-term interests, I wish you the inside in the short and long live good luck.:smiley fart: