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Laurie makes deposits of X at the end of each year for five years. Ten years after making the final deposit, Laurie purchases an annuityimmediate
Laurie makes deposits of X at the end of each year for five years. Ten years after making the final deposit, Laurie purchases an annuityimmediate that pays 10,500 at the end of every year for 30 years. Assuming an effective annual interest rate of 8%, calculate X.
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