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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? A. $5179.19 B. $4527.12 C. $4107.
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1 vote
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?

A. $5179.19

B. $4527.12

C. $4107.74

D. $6297.90

User Quepas
by
5.0k points

2 Answers

3 votes

Answer:A $4107.74

Explanation:

User DanS
by
5.6k points
5 votes

Answer:

the answer is c. 4107.74

User Sean H
by
5.4k points
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