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This is a Mathematics of Investment and Credit Question: Barbara makes a sequence of 28 semiannual deposits of the form X,2X,X,2X, into an account paying
This is a Mathematics of Investment and Credit Question:
Barbara makes a sequence of 28 semiannual deposits of the form X,2X,X,2X, into an account paying a nominal rate of 8.8 percent convertible quarterly. If the account balance 6 years after the last deposit is 11750, what is X?
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