Posted by **Beth** on Monday, December 5, 2011 at 7:40pm.

4.Suppose John sells his house and earns a profit of $600,000. With the profit, he buys a 20 year annuity that earns 6.5% interest compounded monthly. What monthly payment will John get?

- math -
**Anonymous**, Monday, December 5, 2011 at 10:32pm
$3900

## Answer this Question

## Related Questions

- algebra - Suppose a retiree wants to buy an ordinary annuity that pays her $2,...
- Finite!!! - John Buys a used car costing $6000. He agrees to make payments at ...
- math - Suppose payments were made at the end of each month into an ordinary ...
- Finance - Consider the following scenario: John buys a house for $150,000 and ...
- Finance - Consider the following scenario: John buys a house for $150,000 and ...
- Business - Bob buys a house for 150,000 with a mortgage rate of 5.8% convertible...
- math - Suppose payments were made at the end of each month into an ordinary ...
- math - A lender gives you a choice between the following two 30-year mortgages ...
- calculus - the monthly payment that amortizes a loan of A dollars in t yr when ...
- College Algebra and Finance - Please help! Just need the answer... A lender ...

More Related Questions