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You have an annuity with a starting value of $400,000 which will be making monthly payments to you over the next 20 years = 240
You have an annuity with a starting value of $400,000 which will be making monthly payments to you over the next 20 years = 240 months. The monthly interest rate is .004 = 4%/12. What will the monthly payment to you be? a. $2595.83 b. $3471.96 c. $3629.45 d. None of these
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Performance Measurement In Finance
Authors: John Knight, Stephen Satchell, Nathalie Farah
1st Edition
0750650265, 978-0750650267
