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| rev | Admin | (Created page with "The following deposits are made into a fund at the beginning of each year: {| class="table" ! Year !! Deposit |- | 1 || 100 |- | 2 || 100 |- | 3 || 150 |- | 4 || 150 |- | 5 || 150 |} The fund earns an annual effective interest rate of 13%. At the end of the tenth year, the fund is used to purchase a perpetuity-immediate with semiannual payments of X. The perpetuity earns an annual effective interest rate of 12%. Calculate X. <ul class="mw-excansopts"><li>99</li><li>...") | Nov 18'23 at 21:28 | +550 |