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6 January, 11:25

Phillip decides to invest $800,000 in a period annuity that earns 5.2% APR

compounded monthly for a period of 20 years. How long will it take Phillip to

earn back his initial investment?

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Answers (2)
  1. 6 January, 12:24
    0
    Answer: 12.4 years
  2. 6 January, 13:47
    0
    Answer: 12.4 Years

    Explanation:

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