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Jill expects to receive payments of $1000 at the end of each year for 6 years, with payments to start one year from now. Susan

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Jill expects to receive payments of $1000 at the end of each year for 6 years, with payments to start one year from now. Susan expect to receive payments of $X at the end of each year for 12 years, with payments to start one year from now. At an annual effective interest rate of 7%, the present values of their cash flows are the same. Determine X. Round your answer to 2 decimal places

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