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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

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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 $11,579 $15,682 $14,971 $16,625 $16,344

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