Question: Mr . O'Connor set up a trust account paying $ 5 0 0 per month in perpetuity to the local SPCA. These payments consume all

.

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?

The balance fluctuates between a low of $ and a high of $

Mr. O'Connor set up a trust account paying $500 per month

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