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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?
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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?

User Plenka
by
7.3k points

1 Answer

4 votes

Answer: $4107.74

Explanation:

User Gcamargo
by
8.5k points
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