Question

22)Alan asks you to help him determine the

appropriate price to pay for an annuity

offering a retirement income of $1,000 a

month for 10 years. Assume the interest

rate is 6% compounded monthly.​

Answer 1

Answer:

600 is the answer understand ask on

Answer 2

Answer:

600 $

Step-by-step explanation:

$\frac{1000 \times 6}{10}$

then, it is 600

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