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1. An investment of X earned interest of $18 during the first year and $20 during the second year. The effective rate of interest in

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1. An investment of X earned interest of $18 during the first year and $20 during the second year. The effective rate of interest in the first year is 10% larger than the effective rate of discount in the second year; that is, 1 = (1.1)d. Calculate X

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