The expected return for the account is per year

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In 2 years from today, Steph plans to invest 6,100 dollars in an account that is expected to earn 5.86 percent per year. She also expects to make an investment of X in the same account in 1 year(s) from today. What is X if Steph expects to have 27,500 dollars in her account in 9 years from today and the expected return for the account is 5.86 percent per year?

Reference no: EM131570349

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