obviously.
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1/12
.083 years are in a month. There is not actually an entire year in a month since there are ONLY months in a year (12).
1 day = 0.142857143 weeks 1 month = 0.0833333333 years
Only if the 1% per month is compounded annually and not monthly.
12 months = 1 year so 1200 months = 1200/12 = 100 years. Simple!