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How much PMT should I pay yearly to reach a target of $46,910.66? Given that there is a 3% growth yearly. The bank charges a

How much "PMT" should I pay yearly to reach a target of "$46,910.66"? Given that there is a 3% growth yearly. The bank charges a fixed interest (charge) rate of 1% yearly however it's capped at "300.00" which is paid at the end of the year. Which formula is best to answer this question, with the working out shown?

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