Floyd decides to invest $1,000,000 in a 20-year annuity that earns 4.6% APR compounded monthly. How much money will Floyd be paid each month from this annuity?

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Karl Anka asked Dec 5, 2023

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Floyd decides to invest $1,000,000 in a 20-year annuity that earns 4.6% APR compounded monthly. How much money will Floyd be paid each month from this annuity?

Mathematics
college

Karl Anka asked Dec 5, 2023

by Karl Anka

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9 votes

Answer:

$6380.38

Explanation:

Gudmundur Orn answered Dec 10, 2023

by Gudmundur Orn

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