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You plan to make annual deposits at the start of each year for 2 5 years into your retirement fund. The first 5 deposits are
You plan to make annual deposits at the start of each year for years into
your retirement fund. The first deposits are to be each. Thereafter, you
plan to increase the deposits by X per year. Assuming the fund can earn an
effective annual interest rate of what must X be for you to have
accumulated at the end of the years?
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