Question: Mr. OConnor set up a trust account paying $500 per month in perpetuity to the local SPCA. These payments consume all of the interest earned

Mr. O’Connor set up a trust account paying $500 per month in perpetuity to the local SPCA. These payments consume all of the interest earned monthly by the trust. Between what amounts does the balance in the trust account fluctuate if it earns 6% compounded monthly?

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