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23. To accumulate 8000 at the end of 3n years, deposits of 98 are made at the end of each of the first n years,
23. To accumulate 8000 at the end of 3n years, deposits of 98 are made at the end of each of the first n years, and 196 at the end of each of the next 2n years. The annual effective rate of interest is i. You are given (1 + ) = 2. Determine i.
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