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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asked Oct 24, 2021 102k views

3 votes

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?

Mathematics
middle-school

Plenka asked

by Plenka

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1 Answer

4 votes

Answer: $4107.74

Explanation:

Gcamargo answered Oct 31, 2021

by Gcamargo

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