If $75,000 is used to purchase an annuity that pays $950 a month, and if the interest rate is 9% compounded monthly, approximately how many payments are possible? 120 payments O 210 payments O 100...

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If $75,000 is used to purchase an annuity that pays $950 a month, and if the interest rate is 9%<br>compounded monthly, approximately how many payments are possible?<br>120 payments<br>O 210 payments<br>O 100 payments<br>O 80 payments<br>

Extracted text: If $75,000 is used to purchase an annuity that pays $950 a month, and if the interest rate is 9% compounded monthly, approximately how many payments are possible? 120 payments O 210 payments O 100 payments O 80 payments

Jun 11, 2022

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If $75,000 is used to purchase an annuity that pays $950 a month, and if the interest rate is 9% compounded monthly, approximately how many payments are possible? 120 payments O 210 payments O 100...

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