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Tim wants to have 182,510 dollars in 5 years from today. He expects to earn a return of 8.86 percent per year. Tim plans to
Tim wants to have 182,510 dollars in 5 years from today. He expects to earn a return of 8.86 percent per year. Tim plans to make regular savings contributions of X per year for 5 years, with the first of these regular savings contributions made later today. In addition, Tim expects to make a special savings contribution of 18,000 dollars in 2 years from today. What is X, the amount of Tims regular savings contribution?
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