Register

Hunter decides to invest $840,000 in a period annuity that earns a 4.2% APR, compounded monthly, for a period of 30 years. How much money will Hunter be paid each month?

Hunter decides to invest $840,000 in a period annuity that earns a 4.2% APR, compounded monthly, for a period of 30 years. How much money will Hunter be paid each month?
asked 102k views
3 votes
Hunter decides to invest $840,000 in a period annuity that earns a 4.2% APR,

compounded monthly, for a period of 30 years. How much money will Hunter
be paid each month?

asked
User Plenka
by
7.3k points

1 Answer

4 votes

Answer: $4107.74

Explanation:

answered
User Gcamargo
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!