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5. Find the length of the term for the following annuity due. Express your answer in years and months (from 0 to 11 months). Future

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5. Find the length of the term for the following annuity due. Express your answer in years and months (from 0 to 11 months). Future Value Present Value Periodic Payment $490 Payment Period Interest Rate 12% Conversion Period $12,900 6 months quarterly The length of the term for the annuity is year(s) and month(s). (Type whole numbers.) Answers 8 0

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