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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 25 years into
your retirement fund. The first 5 deposits are to be 2,000 each. Thereafter, you
plan to increase the deposits by X per year. Assuming the fund can earn an
effective annual interest rate of 6%, what must X be for you to have
accumulated 250,000 at the end of the 25 years?

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