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1. Deposits of X are made at the end of every month for 10 years in order to accumulate an annuity paying 100 at the

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1. Deposits of X are made at the end of every month for 10 years in order to accumulate an annuity paying 100 at the end of every year forever, with the first payment being paid at the end of year 11. Find X if nominal interest rate is 6% convertible quarterly

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