Question
A retirement account has $250,000.00 that will be used to start an annuity that earns 6.2%, compounded monthly. The annuity will make payments monthly in
A retirement account has $250,000.00 that will be used to start an annuity that earns 6.2%, compounded monthly. The annuity will make payments monthly in the amount of $1,500.00. How long will it be until the annuity has a balance of $0?
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
9th Edition
0618938737, 978-0618938735
