1.1 A deposit of $1,000,000 in an account with an annual rate with monthly compounding. The account will have the amount

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answerhappygod
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1.1 A deposit of $1,000,000 in an account with an annual rate with monthly compounding. The account will have the amount

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1.1 A deposit of $1,000,000 in an
account with an annual rate with monthly compounding. The account
will have the amount of $1,629,994.054 after seven (7)
years.
Calculate the annual rate with monthly compounding
associated with this account.
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