Ask Question
6 March, 09:06

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?

+4
Answers (2)
  1. 6 March, 09:48
    0
    Answer: 12.4 Years

    Explanation:

    Guessed
  2. 6 March, 11:18
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers