Question: 1. Inspired by a recent song and your new knowledge of the time value of money, you want to be a millionaire. We have not

1. Inspired by a recent song and your new knowledge of the time value of money, you want to be a millionaire. We have not covered stocks and bonds yet, so you invest your life savings of $10,000 in a bank CD account that pays 1% interest compounded annually. How many years will it take before you have $1,000,000 in the CD account, if you make no other investments? Show calculations or calculator inputs

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