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Q25 point(s) possible Submit quiz After retirement, Andy plans to buy bonds in a perpetual fund. What amount must Andy place in a perpetual fund

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point(s) possible Submit quiz After retirement, Andy plans to buy bonds in a perpetual fund. What amount must Andy place in a perpetual fund today, if it ears 4.8% compounded semi-annually and the first monthly payment of $500 in perpetuity will be made one year from today? Round to the nearest dollar. O A. $119,629 O B. $120,396 O C. $125,000 O D. $126,244 O E. $120,873

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