What was the size of the investment in the fund

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Question: Andrew set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131793692

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What was the size of the investment in the fund : Andrew set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund.

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