You just deposited $X in an investment fund. One year after the investment, you deposit...
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Accounting
You just deposited $X in an investment fund. One year after the investment, you deposit $10,000 and continue to deposit an amount $1,000 greater than the previous deposit annually until a total of 10 such deposits are made. If you want to accumulate $500,000 in the fund exactly 15 years after the initial investment, then determine the value of X, if MARR is 10% per year compounded annually. (DO NOT USE EXCEL)
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