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Home Q & A Board Science-Related Homework Help Mathematics
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Lola1 Lola1
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A year ago
A wealthy benefactor has donated $1,000,000 to establish a perpetuity that is to pay a constant payment once per month. The money will earn 10% compounded annually. The first monthly perpetual payment will be made 28 months from now. Determine the size of the payments.

▸ $9,960

▸ $10,000

▸ $9,881

▸ $8,603

▸ $10,047
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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nieceyniecey
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A year ago
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Lola1 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Roselalo
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Yesterday
Helped a lot
taydav
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2 hours ago
Good timing, thanks!
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