As the most successful contestant in the history of the, Financial Management

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As the most successful contestant in the history of the

As the most successful contestant in the history of the television Jeopardy, Ken Jennings won more show than $2.5 million.

Suppose he invested $1.2 million in an ordinary that earned 4.5%, compounded monthly. How much would he receive (due) at the end of each month (due) for the next 20 years?

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