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An investment requires annual payments of 1,000 at the end of each of the first 10 years and another payment of 200 at the end
An investment requires annual payments of 1,000 at the end of each of the first 10 years and another payment of 200 at the end of fourth year. Starting at the end of the eleventh year, the investment returns five equal annual payments of X. Determine x to yield an annual effective rate of 4% over the 5. year period A) 2415 OB) 2583 C) 2662 D) 2754 E) 2898
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