Question: An empty trust fund is set up to eventually make withdrawals of $1320.00 at the end of each month for seven years. Interest on the

An empty trust fund is set up to eventually make withdrawals of $1320.00 at the end of each month for seven years. Interest on the fund is 7.28% compounded monthly. (10 marks) a) How much money must be deposited into the fund today? b) How much total money will be paid out of the fund over the course of the seven years? c) How much interest is earned by the fund?

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