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Amount of tim regular savings contribution

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Tim wants to have 313, 814 dollars in 8 years from today. He expects to earn a return of 11.1 percent per year. Tim plans to make regular savings contributions of X per year for 8 years, with the first of these regular savings contributions made later today. In addition, Tim expects to make a special savings contribution of 15, 900 dollars In 5 years from today. What is X, the amount of Tim's regular savings contribution?

Reference no: EM131575405

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