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A project requires a start up cost of $105000 today and 10 annual cost of...

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Finance

A project requires a start up cost of $105000 today and 10 annual cost of $3500 starting in one year. Starting at the end of the 11th year, the project returns 20 annual payments of $X. Determine X so that the project yields an annual effective rate of 6% over the 30 years.

PLEASE show by hand and NOT excel!!!

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