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A family wishes to accumulate $50,000 in a college fund at the end of 20 years. If they deposit $1000 in the fund at the
A family wishes to accumulate $50,000 in a college fund at the end of 20 years. If they deposit $1000 in the fund at the end of each of the first 10 years and $1, 000 + X in the fund at the end of each of the second 10 years, find X if the fund earns 7% effective
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