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You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 15 years how much money will you need to invest if your desired yearly income is $40,000? A.…

You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 15 years how much money will you need to invest if your desired yearly income is $40,000? A.…
71.6k views
4 votes
You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 15 years how much money will you need to invest if your desired yearly income is $40,000?

A. $460,000.00

B.$321,631.08

c.$471,283.83

D$432,835.96

User Tom Blodget
by
7.2k points

2 Answers

3 votes

Answer:

321,621,numbers

Explanation:

User Samrockon
by
8.2k points
4 votes

Answer:

The answer is $321,631.08

Explanation:

I just did a test on it. Got it wrong, but it showed me the right answer.

User PSpeed
by
7.8k points
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