Dividend is reinvested into capital
Dividend is constant

Dividend  Starting from 4%
1.04 18 years   (5.5% annual)
1.05 14.5 years (6.8% annual)
1.06 12 years   (8.3% annual)
1.07 9.5 years  (10.5% annual)
1.08 9 years    (11.1% annual)
1.09 8 years    (12.5% annual)
1.10 7.2 years  (13.8% annual)