Mathematics, 10.08.2021 01:20 michaellab1
To receive monthly payments of $1500 for 20 years, how much would a person have to invest now in an annuity with an annual interest rate of 3.1% to achieve this goal? Round the answer to the nearest dollar. Hint: Use PV=P·frac(sup((1+i),n)-1,sup(i(1+i) ,n)).
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