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Question 2 (5 marks) In return for 1000 in 5 years, Mary agrees to pay 200 now, X in 3 years and {X in 10

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Question 2 (5 marks) In return for 1000 in 5 years, Mary agrees to pay 200 now, X in 3 years and {X in 10 years. Find X if the effective interest rate is 8% for the first 3 years and 10% afterwards

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