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Using a Money Market Account with a rate of 1.24/1.25 APY Show how long it would take for the account to reach one million dollars

  1. Using a Money Market Account with a rate of 1.24/1.25 APY Show how long it would take for the account to reach one million dollars given an initial investment of $1000 if the banks paid interest continuously. Show work& calculations using continous formula (A = P ert )

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