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svetlana [45]
2 years ago
10

Cheryl Wilcox is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payou

t of $1,500 per month for twenty years.
(a) How much money must she deposit if her money earns 8% interest compounded monthly? (Round your answer to the nearest cent.)

(b) Find the total amount that Cheryl will receive from her payout annuity.
Mathematics
1 answer:
Nata [24]2 years ago
6 0

Answer:

35h6j7jhtgr54y6htsrhr6wrttttwy

Step-by-step explanation:

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Answer:

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2 years ago
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