The spiders and ants in Aunt Mellys attic have a total of 152 legs and 22 heads. Spiders have 8 legs and ants have 6 legs. How m
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Given is the Present Value of annuity, PV = 1,200,000 dollars.
Given that 4.6% APR compounded monthly i.e. r = 4.6%/12 = 0.003833
Given that 20 years of investment i.e. N = 20x12 = 240
It says to find monthly income from the annuity.
We know the formula for Periodic Payment (when PV is known) is given as follows :-
Hence, Monthly Income would be 7,656.46 dollars.
Answer:
<h2>8 =x</h2><h2>hope you understand by the photo please give brainliest plz follow </h2>