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5 . The present value today of an annuity making annual payments of $ 3 , 2 0 0 starting 8 years from today is

5. The present value today of an annuity making annual payments of $3,200 starting 8 years from today is $13,465.99. If the fund earns 10.5%/year (effective), how many annual payments (to the nearest whole year) of $3,200 can be made?

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