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What amount, invested today at 6% compounded monthly, will support perpetual monthly payments of $500? The first payment will be made one month from now.

What amount, invested today at 6% compounded monthly, will support perpetual monthly payments of $500? The first payment will be made one month from now.

A. $500,000

B. $400,000

C. $300,000

D. $200,000

E. $100,000

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