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An investment pays $ 3 0 0 in one year, X amount of dollars in two years, and $ 4 0 0 in three years.

An investment pays $300 in one year, X amount of dollars in two years, and $400 in three years. The total present value of all the cash flows (including X) is equal to $1,600. If the nominal interest rate is 7 percent, what is X?

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