madelynmorgan6426 madelynmorgan6426

07-03-2024
Business

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You have a 20 year annuity with a present value of $425,000. If the APR is 3.5%, what is the monthly yield? Round to nearest cent.
a) $2071.51
b) $1778.29
c) $1573.21
d) $1369.13

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