The investor plans to withdraw perpetuity of the fund

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Reference no: EM132039898

An investor aged exactly 33 makes monthly payments of $250 starting one month from now, to an annuity earning a nominal annual interest rate of 4.5% convertible monthly. The last deposit will be one month before her 65th birthday.

The investor plans to withdraw a perpetuity of X from the fund, beginning with her 65th birthday.

Calculate X (Please show all work)

Reference no: EM132039898

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