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If you deposit $100,000 today in a bank that pays an annual deposit rate of 0.85% every 6 months, how long does it take for
If you deposit $100,000 today in a bank that pays an annual deposit rate of 0.85% every 6 months, how long does it take for your amount to grow to $1 million?
A. About 50 years.
B. About 100 years.
C. About 300 years.
D. About 500 years.
E. Other:
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