Mathematics, 19.04.2021 20:50 thasen31
Shelly invested in a lifetime annuity that begins payments at age 65. Her life
expectancy is 88. Shelly invested $800,000 into the annuity, which earns 4.8%
APR, compounded monthly. With this annuity, what is Shelly's monthly
payment amount?
A. $4756.93
B. $4792.38
C. $4984.72
D. $4897.79
Answers: 2
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Shelly invested in a lifetime annuity that begins payments at age 65. Her life
expectancy is 88. Sh...
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