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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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