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william pays $ 200,000 at the end of each month for 20 years at an effective annual interest rate of 4%. He bought an annuite
william pays $ 200,000 at the end of each month for 20 years at an effective annual interest rate of 4%. He bought an annuite to be made. After 12 years of payment in this annuity, william's The interest rate used to increase monthly income has been changed to 5% effective per year. Find the monthly payment amount to be made to william after the arrangement.
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