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1. (10 points) Calista makes 10 end of year deposits of 1000 in to a savings account crediting interest at an annual effective rate of

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1. (10 points) Calista makes 10 end of year deposits of 1000 in to a savings account crediting interest at an annual effective rate of 8.4%. Beginning one year after her last deposit, Calista makes five level annual withdrawals of X. Just after her fifth and final withdrawal, Calista has exhausted her savings. Find X

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