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Your friend deposits $100,000 into account paying 8% per year. He wants to know how long it will take before the interest makes him a millionaire (i.e. to have one Million dollars).

Your friend deposits $100,000 into account paying 8% per year. He wants to know how long it will take before the interest makes him a millionaire (i.e. to have one Million dollars).

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1. Your friend deposits $100,000 into account paying 8% per year. He wants to know how long it will take before the interest makes him a millionaire (i.e. to have one Million dollars).
Transcribed Image Text:1. Your friend deposits $100,000 into account paying 8% per year. He wants to know how long it will take before the interest makes him a millionaire (i.e. to have one Million dollars).
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