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how long would it take to accumulate 2,000,000 with a 5% intrest rate

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How long would it take to accumulate \$2,000,000 at a rate of 5% with the starting amount of \$1,150,
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HINT: 6% X \$1,000,000 – {20% X (\$1,000,000 – (6% X \$1,000,000))} = 6% X \$1,000,000 – {20% X (\$1,000,000 - \$60,000))}= 6% X \$1,000,000 - {20% X \$940,000}= 6% X \$1,000,000 - \$188,000 = \$60,000 - \$ 188,000= -\$128,000 A) The interst …
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