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. How much money must Mr. Gurnee have on deposit today at the Fairview Heights...

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. How much money must Mr. Gurnee have on deposit today at the Fairview Heights Credit Union if he wants to be able to withdraw $2,700 at the beginning of each six-month period (so payments and compounding occur semiannually) forever and he can earn an average return represented as a 4.8% annual percentage rate (APR)? [Preceding question 3 involved a perpetuity, or stream of unending payments, that will occur at the beginning of each annual period.] O A. $115,200.00 O B. $28,930.73 OC. $112,500.00 OD. $56,250.00 O E. $117,900.00

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