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Jack opens a savings account with a deposit of $1260. He plans to make another deposit of X dollars in three years, with the goal

Jack opens a savings account with a deposit of $1260. He plans to make another deposit of X dollars in three years, with the goal of having exactly $8600 in the account 12 years after it is opened. If the account pays an effective rate of 6.7%, what value of X will allow him to reach his goal?

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