What sum of money, invested today in a perpetual fund earning 5.5% compounded semiannually, will…

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What sum of money, invested today in a perpetual fund earning 5.5% compounded semiannually, will sustain quarterly perpetuity payments of $1000 if the first payment is made a. Three months from today? b. One year from today? View Solution:
What sum of money invested today in a perpetual fund

 
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