question archive You deposit £1 million for 10 years
You deposit £1 million for 10 years
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You deposit £1 million for 10 years. It accumulates interest at 6% quarterly for the first 5 years and 6.5% semi-annually for the next 5 years. The interest is automatically added to the capital at each payment date. What is the total accumulated value at the end of 10 years?
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