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What is the required initial investment

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Question - What is the required initial investment to establish a monthly stipend of $1100 in perpetuity, assuming a rate of 7.6% compounded annually?

Reference no: EM133144501

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What is the required initial investment : What is the required initial investment to establish a monthly stipend of $1100 in perpetuity, assuming a rate of 7.6% compounded annually
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