Determine how long it will take to accumulate

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Use a loop in MATLAB to determine how long it will take to accumulate $1,000,000 in a bank account if you deposit $10,000 initially and $10,000 at the end of each year; the account pays 6 percent annual interest.

Reference no: EM131220077

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Determine how long it will take to accumulate : Use a loop in MATLAB to determine how long it will take to accumulate $1,000,000 in a bank account if you deposit $10,000 initially and $10,000 at the end of each year; the account pays 6 percent annual interest.

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