Bill Gates has $10 million in a bank account paying a nominal annual interest rate of r(m) = 4%.No matter how frequent the compounding (no matter how big m is), Bill will never have more than $X in his account at the end of the year.

What is X to the nearest $1?

(Note: you will have to use more than 5 decimal places of accuracy in your computation5 decimal places will only get you the right answer to the nearest $100!)