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Barbara makes a sequence of 28 semiannual deposits of the form X,2X,X,2X, into an account paying a rate of 7 percent compounded annually. If the

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Barbara makes a sequence of 28 semiannual deposits of the form X,2X,X,2X, into an account paying a rate of 7 percent compounded annually. If the account balance 5 years after the last deposit is $10850, what is X ? Assume the exact method of accumulation is in effect. Answer: \$

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