Ask a New Question

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?

1 answer

$3900

Similar Questions

Sam's Fruit Cellar earns a $0.40 profit for each apple that it sells and a $0.40 profit for each banana that it sells. Which
1. 1 answer
Sam's Fruit Cellar earns a $0.40 profit for each apple that it sells and a $0.40 profit for each banana that it sells. Which
1. 3 answers
Sam's Fruit Cellar earns a $0.40 profit for each apple that it sells and a $0.40 profit for each banana that it sells. Which
1. 1 answer
Sam's Fruit Cellar earns a $0.40 profit for each apple that it sells and a $0.40 profit for each banana that it sells. Which
1. 1 answer

more similar questions