Mathematics, 05.02.2021 21:30, lifewseth

A development company wants to buy Madison’s house. They are offering her a one time payment of $400,000 or they will pay you an annuity every month for the next 5 years. At 8% interest what would the annuity payment have to be to equal the one time payment?

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A development company wants to buy Madison’s house. They are offering her a one time payment of $400...