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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 8.6
Barbara makes a sequence of 22 semiannual deposits of the form X, 2X, X, 2X, ... into an account paying a rate of 8.6 percent compounded annually. If the account balance 7 years after the last deposit is $8600, what is X? Assume the exact method of accumulation is in effect. Answer: $
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
