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Tonya agrees to pay an amount of 3X at the end of 4 years and an amount of X at the end of 9 years. In return she will receive $2000 at the end of 5 years and $6500 at the end of 11 years.

At an effective annual interest rate of 2%, find the size of Tonya's second deposit.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92796707

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