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You hope to start making monthly payments of $5,000 to guests starting 6 years and 1 month from today. You'd like these payments to keep

You hope to start making monthly payments of $5,000 to guests starting 6 years and 1 month from today. You'd like these payments to keep going forever. If you want to make 6 annual payments starting a year from today to fund the trust and your discount rate is 8.4% with monthly compounding, how much will each payment be?

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