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How much needs to be invested today

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Reference no: EM133072002

Question - How much needs to be invested today at 4.8% compounded semi-annually to provide monthly payments of $500 in perpetiuity starting one month from today?

A) 104,166.66

B) 125,000.00

C) 126,244.24

D) 10,416.67

E) None of the above

Reference no: EM133072002

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