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financial mathematics please be super explicit with the procedure Alberto wants to buy a car in 10 years. This car costs $200,000 today, but its

financial mathematics
please be super explicit with the procedure
image text in transcribed
Alberto wants to buy a car in 10 years. This car costs $200,000 today, but its price increases by 4% each year. To finance this purchase, Alberto deposits $20,000 into an account at the beginning of each year for six years. He deposits an additional $X at the beginning of the fourth, fifth, and sixth years. The annual effective interest rate is 10%. What is the value of X

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