Question: Question 2: A trust fund is set up to make payments of $2,000 at the end of every six months for 20 years. Interest

Question 2: A trust fund is set up to make payments of

Question 2: A trust fund is set up to make payments of $2,000 at the end of every six months for 20 years. Interest on the fund is 4% compounded semiannually. (a) How much money must be deposited into the fund? (b) How much will be paid out of the fund? (c) How much interest is earned by the fund? 4 27

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aThe interest rate is 4 compounded semiannually so its 0042 002 ... View full answer

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