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On January 1, 2010 Chessville has a population growth. Its population increases 7% each year. On the same day, Checkersville has a population of 70,000 people. Checkersville starts to experience a population decline. Its population decreases 4% each year. During what year will the population of Chessville first exceed that of Checkersville? Show all of your work and explain your steps.
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