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Ruth invested in a lifetime annuity that begins payments at age 65. Her life expectancy is 90. Ruth invested $900,000 in the annuity, which earns 4.6% APR, compounded monthly. With this annuity, what is
asked
Jun 13, 2021
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Ruth invested in a lifetime annuity that begins payments at age 65. Her life
expectancy is 90. Ruth invested $900,000 in the annuity, which earns 4.6%
APR, compounded monthly. With this annuity, what is Ruth's monthly payment
amount?
Mathematics
middle-school
VanHoesel
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VanHoesel
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Answer:
5053.71
Explanation:
Marsel
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Jun 14, 2021
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Marsel
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Answer:5053.71
Step-by-step explanation:
Laptou
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Jun 18, 2021
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