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A person age 25 wishes to accumulate a fund for retirement by depositing an amount X at the end of each year into an account

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A person age 25 wishes to accumulate a fund for retirement by depositing an amount X at the end of each year into an account paying 44 interest. At age 55. the person will use the entire account balance to purchase a 20-year 29 annuity-immediate with annual payments of $10.000. Find X A) 2815 B) 2915 C) 3015 OD) 3115 E) 3215

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