A man wishes to accumulate 100 000 by making monthly end of, Financial Management

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A man wishes to accumulate 100 000 by making monthly end of

A man wishes to accumulate 100, 000 by making monthly end of month contributions for 30 years into an account that earn 5.4% interest convertible monthly. After 10 years the interest rate increases to 6% convertible monthly. What should his new contributions be if he still wishes to accumulate 100, 000?

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Financial Management: A man wishes to accumulate 100 000 by making monthly end of

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