John has $100,000 available to purchase an annuity. What end-of-month payments can he expect if the funds earn 5.4% compounded monthly and the payments run for
a) 10 years? b) 20 years?

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The Answer of John has $100,000 available to purchase an annuity. What end-of-month payments can he expect if the funds earn 5.4% compounded monthly and the payments run for
a) 10 years? b) 20 years?

John Has $100,000 Available to Purchase an Annuity