Question: please answer fast, will upvote Question 16 (2 points) John purchases a life annuity at age 80 by using $200,000 remaining in his LIF. The

please answer fast, will upvote

Question 16 (2 points) John purchases a life annuity at age 80 by using $200,000 remaining in his LIF. The annuity payments are based on John living another 8 years and a fixed return of 4.25% compounded annually. If the payments are to be made at the end of every month, what will the monthly amount be? 2565 2461 3553 2454

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