Business, 01.07.2020 16:01, kadence428

Tony saved enough money to place $125,500 in an investment generating 10% compounded monthly. He wants to collect a monthly income of $1,350, at the beginning of each month, for as long as the money lasts. How many months will Tony have this income coming to him? A.165.
B.145.
C.192.
D.162.

Answers: 3

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Tony saved enough money to place $125,500 in an investment generating 10% compounded monthly. He wan...