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It is desired to accumulate a fund of $X at the end of 10 years by depositing money at the end of each year such
It is desired to accumulate a fund of $X at the end of 10 years by depositing money at the end of each year such that $t at time t. The deposits earn interest 8% effective but the interest can be reinvested at only 4% effective. Calculate X.
A) 40
B) 50
C) 60
D) 70
E) 80
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