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:
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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