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Thomas decides to create a retirement fund that complements what he will receive from retirement. The...

Thomas decides to create a retirement fund that complements what he will receive from retirement. The fund opens it with $ 15,000 and deposits $ 1,400 each month, starting one month after the fund opens. The amount obtained after 15 years of contributions will be used to obtain an indefinite monthly payment (perpetuity). What will be the value of the monthly payment (past due), if the fund earns 14% capitalized each month?

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