Paige set up a fund that would pay her family $5,000 at the beginning of every month,

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Paige set up a fund that would pay her family $5,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 3.00% compounded semi-annually?

Posted Date: May 19, 2024 10:16 PM

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Paige set up a fund that would pay her family $5,000 at the beginning of every month,

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