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3 years ago

5

You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 15 years how much money will you need to in

vest if your desired yearly income is $40,000?
A. $460,000.00

B.$321,631.08

c.$471,283.83

D$432,835.96

1 answer:

Vitek1552 [10]3 years ago

5 0

Answer:

The answer is $321,631.08

Step-by-step explanation:

I just did a test on it. Got it wrong, but it showed me the right answer.

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