Question: points A $450,000 trust fund earns 8% compounded semi-annually. It is to make payments at the end of every month in perpetuity. What will be

points A $450,000 trust fund earns 8% compounded semi-annually. It is to make payments at the end of every month in perpetuity. What will be the size of the monthly payments? a) 53,000 b) $1,800 c) $1,955 d) $2,453 e) $2.951

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