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Explain fully with equations used 3. (20 pts) Ron deposits 100 at the end of each year into an account that pays 6% per year.

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Explain fully with equations used

3. (20 pts) Ron deposits 100 at the end of each year into an account that pays 6% per year. Wally deposits X at the beginning of each year into a different account that pays 12% each year. They each make 10 deposits. After 10 years, their account balances are the same. Determine X

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