As the contestant with the longest winning streak in the history of Jeopardy , Ken Jennings won more than $2.5 million. Suppose he invested $1.3 million in an ordinary annuity that earned 8.4%,...

As the contestant with the longest winning streak in the history of
Jeopardy, Ken Jennings won more than $2.5 million. Suppose he invested $1.3 million in an ordinary annuity that earned 8.4%, compounded monthly. How much would he receive at the end of each month for the next 20 years?