The accumulated amount in the account

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Reference no: EM131844680

Jimmy deposits 150 into an account at the beginning of each 10-year period for 40 years. The account credits interest at an annual effective interest rate of i.

The accumulated amount in the account at the end of 40 years is X, which is 10 times the accumulated amount in the account at the end of 20 years. Calculate X.

Reference no: EM131844680

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