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What amount can be paid at the end of every six months, in perpetuity, from an endowment of $475,000 earning 7% compounded annually? Multiple Choice:
What amount can be paid at the end of every six months, in perpetuity, from an endowment of $475,000 earning 7% compounded annually?
Multiple Choice:
$16,344
$14,971
$15,682
$11,579
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