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(2) Lauren is 40 years old, and decides to start saving for retirement by depositing an amount X at the end of each year into
(2) Lauren is 40 years old, and decides to start saving for retirement by depositing an amount X at the end of each year into an account paying 5% interest. At age 65, just after making the end-of-the-year deposit, Lauren will use the entire account balance to purchase a 15-year 6% annuity-immediate with annual payments of $10,000. Find X
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