Business
Business, 19.10.2021 06:30, rivermadds3117

An investment requires an initial payment of 10,000 and annual payments of 1,000 at the end of each of the first ten years. Starting at the end of the eleventh year, the investment returns five equal annual payments of X X. Determine X X to yield an annual effective rate of 10% over the fifteen-year period.

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