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To accumulate 8,000 at the end of 3 n years, deposits of 98 are made at the end of each of the first n years

To accumulate 8,000 at the end of 3n years, deposits of 98 are made at the end of each of the first n years and 196 at the end of each of the next 2n years.

The annual effective rate of interest is i. You are given (1 + i)ⁿ = 2.0.

Determine i.

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