Ask Question
23 June, 02:58

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?

+2
Answers (2)
  1. 23 June, 03:09
    0
    Answer: 12.4 Years

    Explanation:

    Guessed
  2. 23 June, 03:24
    0
    Answer: 12.4 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers