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You have 2,000,000 on your bank account. You deposit 1,000,000 annually. and the next admission is after 12 months and then annually thereafter. Interest is
You have 2,000,000 on your bank account. You deposit 1,000,000 annually. and the next admission is after 12 months and then annually thereafter. Interest is 5%. When will the balance on your account reach10,000,000? (the answer must be exact - it is not enough to round to the next year).
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