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You have a balance of 82,207 in an investment account you opened five years ago. Except for this you have not made any other deposit
You have a balance of 82,207 in an investment account you opened five years ago. Except for this you have not made any other deposit into this account, if you have earned an annual rate of return of 4% each year, what was your initial deposit when you first opened this account? Your grandfather left you $681,395 in his will , you have decided to invest this money and not touch it until it has grown to 1,000,000. If you believe you can earn 10.00% per year on your investment portfolio, how long will it take for your original investment of $681,395 to turn into 1,000,000. Please respond in years with two significant decimal points example 8.45 for 8.45 years
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