How many years will it take for your savings account to accumulate $$ 1,000,000$ if it pays

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How many years will it take for your savings account to accumulate $\$ 1,000,000$ if it pays $4 \%$ interest per annum compounded semiannually and you deposit $\$ 10,000$ every 6 -months at the end of the 6 month period?

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Financial Decision Making For Engineers

ISBN: 9780300192186

1st Edition

Authors: Colin K. Drummond

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Question Posted: Apr 20, 2024 05:00 AM

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How many years will it take for your savings account to accumulate $$ 1,000,000$ if it pays

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Financial Decision Making For Engineers

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