How much would you receive over the ten years

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Reference no: EM131995431

You have a windfall of $350,000, and talk to a banker about setting up an annuity that will pay monthly over 10 years. He quotes an interest rate of 5% annually. How much will you receive monthly? Create a schedule showing the declining balance over the 10 years: How much interest was earned over the 10 years? How much would you receive over the 10 years?

Reference no: EM131995431

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