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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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