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(15 marks) Calculate the amount of money that needs to be invested today at 5.9% compounded semi-annually to provide monthly payments of $650.00 in

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(15 marks) Calculate the amount of money that needs to be invested today at 5.9% compounded semi-annually to provide monthly payments of $650.00 in perpetuity starting: a) one month from today b) one year from today Problem

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