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Q 3-14 The compounded annual effective rate is 8%. You deposit X at t= 6, and another X at t = 8. At t= 11,

Q 3-14 The compounded annual effective rate is 8%. You deposit X at t= 6, and another X at t = 8. At t= 11, the total accumulated value is $976. (a) Find X. (b) Find the present value of this investment (at t= 0)

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