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| rev | Admin | (Created page with "John finances his daughter’s college education by making deposits into a fund earning interest at an annual effective rate of 8%. For 18 years he deposits X at the beginning of each month. In the 16 th through the 19 th years, he makes a withdrawal of 25,000 at the beginning of each year. The final withdrawal reduces the fund balance to zero. Calculate X. <ul class="mw-excansopts"><li>207</li><li>223</li><li>240</li><li>245</li><li>260</li></ul> {{soacopyright | 202...") | Nov 19'23 at 0:20 | +479 |