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14 November, 22:33

Nelson decides to invest $1,000,000 in a period annuity that

earns 4.8% APR compounded monthly for a period of 15

years. How much money will Nelson be paid each month?

A. $6657.38

B. $4800.00

C. $7804.00

D. $7286.94

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Answers (1)
  1. 14 November, 23:34
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    Answer: c
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