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Anton will deposit $1,000 into a savings account at the beginning of each month for the next 10 years. In return, he receives a payment
Anton will deposit $1,000 into a savings account at the beginning of each month for the next 10 years. In return, he receives a payment of X at the end of each year forever, beginning at the end of the 11th year. Assuming an annual effective rate of discount of 5% for both accounts, determine X.
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