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You have JD 1,000,000 and there are variety of investment opportunities for you , the first option is a time deposit that provide fixed interest

You have JD 1,000,000 and there are variety of investment opportunities for you, the first option is a time deposit that provide fixed interest rate of 7% annually for the next 10 years, and the second one is a saving deposit with floating rate starting at 5% annually, with a condition to increase it by 1% every 3 years, calculate the total accumulation in both cases.

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