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Paul invests X in a fund earning 5% effective per annum. In return, he receives 1 at the end of each quarter in the first

Paul invests X in a fund earning 5% effective per annum. In return, he receives 1 at the end of each quarter in the first year, 2 at the end of each quarter in the second year,..., and 20 at the end of each quarter in the 20th year. Determine X.

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