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Jack opens a savings account with a deposit of 1420 dollars. He plans to make another deposit of X dollars in three years, with the

Jack opens a savings account with a deposit of 1420 dollars. He plans to make another deposit of X dollars in three years, with the goal of having exactly 8300 dollars in the account 9 years after it is opened. If the account pays an effective rate of 8.6 percent, what value of X will allow him to reach his goal?

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