Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Transcribed Image Text:Barbara makes a sequence of 28 semiannual deposits of the
form X, 2X, X, 2X, ... into an account paying a rate of 7
percent compounded annually. If the account balance 5 years
after the last deposit is $10850, what is X? Assume the exact
method of accumulation is in effect.
Answer: $
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