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Barbara makes a sequence of 22 semiannual deposits of the form X,2X,X,2X, into an account paying a rate of 7.4 percent compounded annually. If the
Barbara makes a sequence of 22 semiannual deposits of the form X,2X,X,2X, into an account paying a rate of 7.4 percent compounded annually. If the account balance 8 years after the last deposit is 10800, what is X?
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
