Christian, Ethan, and Yifei enter into a financial arrangement. Christian agrees to pay Ethan 3000 today. Christian also agrees to pay Yifei 1000 at the end of one year. At the end of three years, Yifei will pay Christian 4000. At the end of two years, Ethan will pay X to Yifei and 1000 to Christian. Using the bottom line approach, the annual yield rate or interest rate is the same for Christian and Yifei. Calculate X. (Round your answer to 2 decimal places.)

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Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.