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Phillip decides to invest $800,000 in a period annuity that earns 5.2% APR
compounded monthly
for a period of 20 years. How long will it take Phillip to
earn back his initial investment?
O
A. 12.4 years
B. 11 years
C. 11.5 years
D. 10.5 years

Phillip decides to invest 800000 in a period annuity that earns 52 APR compounded monthly for a period of 20 years How long will it take Phillip to earn back hi class=

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