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A retirement account has $ 3 4 0 , 0 0 0 . 0 0 that will be used to start an annuity that earns

A retirement account has $340,000.00 that will be used to start an annuity that earns 6.8%, compounded monthly. The annuity will make payments monthly in the amount of $2,300.00. How long will it be until the annuity has a balance of $0?

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