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A family wishes to accumulate $ 5 0 , 0 0 0 in a college education fund by the end of 2 0 years. They
A family wishes to accumulate $ in a college education fund by the end of years. They do this by depositing $ into the fund at the end of each of the first years, and $ x at the end of each of the second years, compute x if the fund earns effective.
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