Multiple Choice
A $450,000 trust fund earns 8% compounded semi-annually. It is to make perpetual payments at the end of every month. What will be the size of the monthly payments?
A) $3,000
B) $1,800
C) $1,955
D) $2,453
E) $2,951
Correct Answer:
Verified
Correct Answer:
Verified
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