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Philip wants to supplement his pension by $465 per month with income from his investments. His 1 investments pay him monthly and earn 6-,% p.a.

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Philip wants to supplement his pension by $465 per month with income from his investments. His 1 investments pay him monthly and earn 6-,% p.a. What value of investments must Philip have in his 2 portfolio to generate enough interest to give him his desired income? The value of investments must be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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