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Bob wishes to accumulate $50000 in ten years. Payments will be made at the end of each month with an annual rate of interest of

Bob wishes to accumulate $50000 in ten years. Payments will be made at the end of each month with an annual rate of interest of 12% convertible monthly. Payments in the first five years will be twice those in the last five years. Find the amount of the last payment. Please show all work and do not use excel. Quick response = thumbs up.

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