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Question A deposit X is to be made today and a second deposit, which is twice the first, is to be made 3 years from

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Question A deposit X is to be made today and a second deposit, which is twice the first, is to be made 3 years from now, to provide for withdrawals of $1000 two years from now and $6500 10 years from now. At an effective annual interest rate of 7%, calculate the size of the first deposit. Possible Answers A $1579 B $1587 C $1923 D $2300 E $3174

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