How much would you have to invest each month in an annuity earning 7.4% monthly to earn $15,000 at the end of 10 years?
A) $84.77
B) $98.83
C) $146.93
D) $152.15

Name: How much would you have to invest each month in an annuity earning 7.4% monthly to earn $15,000 at the end of 10 years? A) $84.77 B) $98.83 C) $146.93 D) $152.15
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Question

Quizplus · Accepted Answer

The correct answer is A because $84.77 invested each month in an annuity earning 7.4% monthly will earn $15,000 at the end of 10 years.

How Much Would You Have to Invest Each Month in an Annuity