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  3. 4. the interest rate on a savings account is 3%. y

4. The interest rate on a savings account is 3%. You deposit 100 today, then...

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Accounting

4. The interest rate on a savings account is 3%. You deposit 100 today, then 100 at the end of the first year, and 100 each year until the end of year 10. You withdraw x at the end of year 11, and then x each year until the end of year 15 when the final withdrawal is made. What value of x will empty the account after the final withdrawal?
A: 250 B: 260 C: 270 D: 280

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