How much money he should invest now to fulfill his desire

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Question - Mr Matthews plans to have $4000 as an interest income per month from his Scotia bank account that pays the annual simple interest of 6.75%. How much money he should invest now to fulfill his desire?

a) 711,111

b) 7,111,111

c) 800,000

d) None of the above

Reference no: EM133081398

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