Peter decides to invest $1,200,000 in a period annuity that earns 4.6% apr compounded monthly for a period of 20 years. how much money will peter be paid each month?

13.1 years APEX

Step-by-step explanation:

Given is the Present Value of annuity, PV = 1,200,000 dollars.

Given that 4.6% APR compounded monthly i.e. r = 4.6%/12 = 0.003833

Given that 20 years of investment i.e. N = 20x12 = 240

It says to find monthly income from the annuity.

We know the formula for Periodic Payment (when PV is known) is given as follows :-

Hence, Monthly Income would be 7,656.46 dollars.

1/4 and 8/3 because:

the reciprocal if 4 is 1/4 because 4 is used as 4/1 and the opposite of that is 1/4. the opposite of 3/8 is 8/3 so that is the answer.

a = 3.14

b = 18

c = 18/5 or 3.6 or 3 3/5

step-by-step explanation: