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Jason makes 15 annual deposits starting today. His first payment is 600 and each subsequent payment increases by 10%. One year after the last deposit
Jason makes 15 annual deposits starting today. His first payment is 600 and each subsequent payment increases by 10%. One year after the last deposit is made he buys a 15-year annuity-due with annual payments of X. The annual effective interest rate of 5%. Calculate X. Not excel solution.
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