Philip wants to supplement his pension by $500 per month with income from his investments....
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Philip wants to supplement his pension by $ per month with income from his investments. His investments pay him monthly and earn and one half pa What value of investments must Philip have in his portfolio to generate enough interest to give him his desired income?Question content area bottomPart The value of investments must be $enter your response here.Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Philip wants to supplement his pension by $ per month with income from his investments. His investments pay him monthly and earn and one half pa What value of investments must Philip have in his portfolio to generate enough interest to give him his desired income?Question content area bottomPart The value of investments must be $enter your response here.Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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