Suppose that your rich uncle has 1000000 that he wishes to, Engineering Mathematics

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Suppose that your rich uncle has 1000000 that he wishes to

Question: Suppose that your rich uncle has $1,000,000 that he wishes to distribute to his heirs at the rate of $100,000 per year. If the $1,000,000 is deposited in a bank account that earns 6% interest per year, how many years will it take to completely deplete the account? How long will it take if the account earns 8% interest per year instead of 6%?

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Engineering Mathematics: Suppose that your rich uncle has 1000000 that he wishes to

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