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- p = initial deposit amount = $1,000
- r = periodic interest rate = 5% = 0.05
- p2 = adjusted deposit amount
- p (1 + r)^-1 + (p + 500) (1 + r)^-2 +
- p2 (1 + r)^-3 + p2 (1 + r)^-4 + p2 (1 + r)^-5 = 4329.48
- ∴ 2312.925 + 2.47007 p2 = 4329.48
- ∴ p2 = (4329.48 - 2312.925)/2.47007 = 816.40
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