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4.Suppose John sells his house and earns a profit of $600,000. With the profit, he buys a 20 year annuity that earns 6.5% interest compounded monthly. What monthly payment will John get?
13 years ago

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Answered by Anonymous
$3900
13 years ago
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4.Suppose John sells his house and earns a profit of $600,000. With the profit, he buys a 20 year annuity that earns 6.5% interest compounded monthly. What monthly payment will John get?

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