Question: Sidney borrows $ 1 2 , 0 0 0 . 0 0 . The loan is governed by compound interest and the annual effective rate
Sidney borrows $ The loan is governed by compound interest and the annual
effective rate of discount is Sidney repays
$ at the end of one year, X at the
end of two years, and $ at the end
of three years in order to exactly pay off the
loan. Find X
Round your answer to the nearest cent.
Answer in units of dollars. Your answer
must be within
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