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A $450,000 trust fund earns 8% compounded semiannually. It is to make perpetual payments at the end of every month. What will be the size

A $450,000 trust fund earns 8% compounded semiannually. It is to make perpetual payments at the end of every month. What will be the size of the monthly payments?

$2,951

$2,453

$3,000

$1,800

$1,955

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