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f John consistently makes $1200 deposit into his saving account every year, how many years would it take for John to have his first $1,000,000? (Round your answer up to the nearest whole number.)

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mastercookie55

Answer:

834 years.

Step-by-step explanation:

Let [tex]y[/tex] equal years.

Construct an equation:

[tex]1200y=1000000[/tex]

Divide both sides of the equation by the coefficient of [tex]y,[/tex] which is [tex]1200[/tex]:

[tex]y=833.3333...\\[/tex]

Round up to the nearest whole number:

[tex]y=834[/tex]