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Mr. Ikram establishes a special retirement fund at age of 40 by depositing Rs. 1,000 per month into an account which pays 9% interest compounded

Mr. Ikram establishes a special retirement fund at age of 40 by depositing Rs. 1,000 per month into

an account which pays 9% interest compounded monthly. After 20 years he retires,. He decides to

make equal monthly withdrawals from the retirement fund over the next ten years. Determine the

size of monthly withdrawals.

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