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Posted on May 18, 2024

What sum of money is required to provide $ 1 1 , 0 0 0 each quarter in perpetuity when money earns 1 0 .

What sum of money is required to provide $

11, 000

each quarter in perpetuity when

money earns

10.5 %

compounded semi

-

annually and payments are made at the

beginning of each quarter?

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