sandy175255 sandy175255

05-05-2020
Business

contestada

Phillip decides to invest $800,000 in a period annuity that earns 5.2% APR
compounded monthly for a period of 20 years. How long will it take Phillip to
earn back his initial investment?

Respuesta :

dbob0217 dbob0217

05-05-2020

Answer: 12.4 Years

Explanation:

Guessed

Answer Link

evelynescobar879 evelynescobar879

07-05-2020

Answer: 12.4 years

Explanation:

Answer Link

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