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A man turns 40 today and wishes to provide supplemental retirement income of RM3000 at the beginning of each month starting on his 65th birthday

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A man turns 40 today and wishes to provide supplemental retirement income of RM3000 at the beginning of each month starting on his 65th birthday and continuing as long as he survives. Starting today, he makes monthly contributions of X to a fund for 25 years. The fund earns an annual nominal interest rate of 8% compounded monthly. Calculate X

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