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. 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

Another question on Mathematics

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