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16 You are considering an annuity which costs $96,267 today. The annuity pays $5,500 a year. The rate of return is 5 percent. What is

16 You are considering an annuity which costs $96,267 today. The annuity pays $5,500 a year. The rate of return is 5 percent. What is the length of the annuity time period? (Do not round intermediate calculations)

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