Question: At T = 0 , you deposit $ 8 , 5 0 0 into an account, earning an effective annual rate of 1 0 percent.

At T=0, you deposit $8,500 into an account, earning an effective annual rate of 10 percent. You plan on depositing an additional $10,000 each year, at T=1,T=2, etc. Doing this, your account will have a balance of $100,000 at T=x.
Following the technique demonstrated in class, what is x?
7.01
6.41
6.32
6.85
6.65
 At T=0, you deposit $8,500 into an account, earning an effective

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