rodriguezjoseph3344 rodriguezjoseph3344

25-04-2024
Business

Answered

You have $6,500.00 that you would like to put into an annuity. You would like to receive a monthly annuity for the next 7 years. The annual interest rate is 5.5% and compounds monthly. How much will you receive each month?
1) $93.41
2) $912.58
3) $110.64
4) $808.51

Answer :

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