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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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