Question:
Petty Marine Co. has a long-term plan to expand to a second
Last updated: 7/12/2022
![Petty Marine Co. has a long-term plan to expand to a second](https://media.kunduz.com/media/sug-question/raw/57829104-1657654363.5364196.jpeg?h=512)
Petty Marine Co. has a long-term plan to expand to a second location that's actually near some water, so they want to start a monthly annuity to save $100,000 in capital over 4 years. The best rate they can find is 10%. Find the monthly payment. Round to the nearest cent. A monthly payment of $ would be necessary.