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Tom has served in the navy for 35years and plans to retire sometime in the future. every 5 years he has received a re-enlistment bonus
Tom has served in the navy for 35years and plans to retire sometime in the future. every 5 years he has received a re-enlistment bonus and deposited a certain dollar amount x in an account for when he retires. after making his current deposit the value of his account is 3399.55 assuming an annual effective interest rate of 4% what was his deposit amount every 5 years
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