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Suppose you have AED 2.5 million and want to keep it in a bank fixed deposit for 7 years. The bank commits to giving you

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Suppose you have AED 2.5 million and want to keep it in a bank fixed deposit for 7 years. The bank commits to giving you an annual interest rate of 4.5%. How much total amount should you have after 7 years? Show your calculation. If you have used a calculator, write the steps you used in calculating the answer. (2.5 Marks)

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