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Solve the Problem 10%10 \% Interest, Compounded Quarterly $1,000,000\$ 1,000,000 ?
A) 43 Years
B) 48 Years
C) 33 Years

Question 146

Multiple Choice

Solve the problem.
-$8953 is deposited into a savings account at 10%10 \% interest, compounded quarterly. To the nearest year, how long will it take for the account balance to reach $1,000,000\$ 1,000,000 ?


A) 43 years
B) 48 years
C) 33 years
D) 67 years

Correct Answer:

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