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Jennifer invests an amount L into a fund at the beginning of each year for 20 years. At the end of year 20, she uses

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Jennifer invests an amount L into a fund at the beginning of each year for 20 years. At the end of year 20, she uses the fund to buy a perpetuity that pays 1000 at the end of each month. The effective annual interest rate for both transactions is 10%. Calculate L

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