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11 options: Ann Marie has just received a $99,991.18 inheritance from her Grandmother's estate and decided to invest the funds into a savings account immediately.
11 options: Ann Marie has just received a $99,991.18 inheritance from her Grandmother's estate and decided to invest the funds into a savings account immediately. She will then use the funds accumulated in the savings account to purchase an annuity that would pay her $3000 monthly, starting exactly 10 years from now. How many years will this annuity last? (2 decimals) The quoted interest rate for the entire duration is 6% compounded monthly
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