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How much money must Ms. Mokena have on deposit today at the Morton Grove Credit Union if she wants to be able to withdraw $1,900

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How much money must Ms. Mokena have on deposit today at the Morton Grove Credit Union if she wants to be able to withdraw $1,900 at the beginning of each six- month period (so payments and compounding occur semiannually forever and she can earn an average return represented as a 4.4% annual percentage rate (APR)? [Preceding question 4 involved a perpetuity, or stream of unending payments, that will occur at the beginning of each annual period.) A 586,363.64 B. 543,181.82 C. 590,163,64 D. 516,743.38 E. 588,263.64 Reset Selection

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