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Betty deposits X at the end of every 3 months for 3 years. She is using it to fund a loan on a ring she
Betty deposits X at the end of every 3 months for 3 years. She is using it to fund a loan on a ring she purchased. Her payments on the loan are $50 per month for 2 years with payments starting exactly in four years. Assuming an effective annual interest rate of 5%, calculate X. A 78 B 84 85 D 89
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