An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity

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An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity pays $400 at the end of each month. What will be the amount of the final payment?(Round your answer to 2 decimal places.)

Final payment$

Posted Date: May 19, 2024 09:12 AM

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An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity

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