Question: Boris has borrowed 1 , 0 0 0 , 0 0 0 from Zac. Compound interest of 1 % is to be calculated annually and

Boris has borrowed 1,000,000 from Zac. Compound interest of 1% is to be calculated annually and repayments of 10,001 per year have been agreed until the debt is cleared. How long will this take?
Boris has borrowed 1,000,000 from Zac. Compound interest of 1% is

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