Calculate x using both calculator built-in function and, Financial Management

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Calculate x using both calculator built-in function and

Elena loans Joe 20,000 to be repaid with three annual payments of X. Elena takes each payment of X and reinvests at an effective interest rate of 7.5%. After taking into account reinvestment, Elena receives a yield rate of 9.5%. Calculate X using both calculator built-in function and mathematical formula.

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Financial Management: Calculate x using both calculator built-in function and

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