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?

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

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