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Selina makes deposits into an account at the end of every three months. The first deposit is X, and each subsequent payment is 8% more
Selina makes deposits into an account at the end of every three months. The first deposit is X, and each subsequent payment is 8% more than the previous deposit. After 5 years of payments, Selina uses the balance of her account to purchase a perpetuityimmediate that pays her 10 at the end of every six months. If the quarterly effective interest rate is 2%, what is X
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