Bill has funded a retirement investment with $250,000 earning a return of 5.75%. What is the value
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Bill has funded a retirement investment with $250,000 earning a return of 5.75%. What is the value of the payment that Bill can receive in perpetuity (to the nearest dollar)?
a. $12,150
b. $13,250
c. $14,000
d. $14,375
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ISBN: 9781800611474,9781800611498
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