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Dear Tutor
Can you explain please how you arrived to equation in answering the question regarding minimum target contribution ( question 10 CTC part b ii)
(4 x X x 0.893) + (9 x X x 0.797) + ( 5 x X x 0.712) = 0.426932
Only discount factors are clear here for me – I do not know where the rest is coming from?
BR
Marek
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