College education fund


$100,000 is needed at the end of 15 years for a College Education Fund. Deposits of $3000 are made at the end of each of the first 5 years, $3000+X at the end of each of the next five years, and $3000+2X at the end of each of the last five years. Find X if i = 0. 05.

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Mathematics: College education fund
Reference No:- TGS0874800

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