Barbara makes a sequence of 28 semiannual deposits of the form X,2X,X,2X,... into an account paying a

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Barbara makes a sequence of 28 semiannual deposits of the form X,2X,X,2X,... into an account paying a nominal rate of 8.8 percent convertible quarterly. If the account balance 6 years after the last deposit is 11750, what is X?

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Here consider payments as two annuities one paid at 0515...View the full answer

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