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Jonathan decides to invest $1,000,000 in a period annuity that earns 4.9% APR compounded monthly for a period of 15 years. How much money will Jonathan be paid each month? A. $7…

Jonathan decides to invest $1,000,000 in a period annuity that earns 4.9% APR compounded monthly for a period of 15 years. How much money will Jonathan be paid each month? A. $7…
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Jonathan decides to invest $1,000,000 in a period annuity that earns 4.9%

APR compounded monthly for a period of 15 years. How much money will
Jonathan be paid each month?

A. $7812.13
B. $7685.98
C. $7855.94
D. $7986.93
APEX :D

asked
User Erdal
by
8.8k points

2 Answers

7 votes

Answer:

it is $7855.94

Explanation:

answered
User Jeremy Allen
by
8.3k points
6 votes

Answer:$7855.94

Explanation:

answered
User IBrianCox
by
8.2k points
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