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Emma decides to invest $990,000 in a period annuity that earns a 2.2% APR, compounded monthly, for a period of 20 years. How much money will Emma be paid each month? OA. $6462.32 OB. $4293.22 OC. $3759.
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Emma decides to invest $990,000 in a period annuity that earns a 2.2% APR,

compounded monthly, for a period of 20 years. How much money will Emma
be paid each month?
OA. $6462.32
OB. $4293.22
OC. $3759.04
O D. $5102.56
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User Brianna
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7.9k points

1 Answer

0 votes

Answer:5102.57

Explanation:

User Darren Hall
by
8.4k points
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