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Please show all work and do not use excel, thanks! 3. A man wishes to accumulate $50000 by making level monthly end of month contributions

Please show all work and do not use excel, thanks!

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3. A man wishes to accumulate $50000 by making level monthly end of month contributions for 20 years into an account that earns 4.5% interest annually convertible monthly. After 5 years the interest rate increases to 5.4% annually convertible monthly. What should the new monthly contributions be if he still wishes to accumulate $50000 at the end of 20 years

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