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19 A pension fund has to pay out $750,000 to the retirees at the end of every month for the next 50 years. The fund

19 A pension fund has to pay out $750,000 to the retirees at the end of every month for the next 50 years. The fund will be earning 9.6% compounded monthly for the first 30 years and 7.2% compounded monthly for the last 20 years. In order to be able to make these payments, how much money would have to be in the pension fund now? A. $86,591.739 B. $183,683,039 C. $37,500,000 D. $148,521,416 E. $93,835,532

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