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answer asap plz A retirement account has $200,000.00 that will be used to start an annuity that earns 6.6%, compounded monthly. The annuity will make
answer asap plz
A retirement account has $200,000.00 that will be used to start an annuity that earns 6.6%, compounded monthly. The annuity will make payments at the end of every month in the amount of $1,400.00. How long will this annuity last? The annuity will last years. (Round to 2 decimal places.) A retirement account has $200,000.00 that will be used to start an annuity that earns 6.6%, compounded monthly. The annuity will make payments at the end of every month in the amount of $1,400.00. How long will this annuity last? The annuity will last years. (Round to 2 decimal places.) Step by Step Solution
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