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An annuity has a market price today of $12,987.71. For how long will the annuity be able to pay $1,100 at the beginning of each

An annuity has a market price today of $12,987.71. For how long will the annuity be able to pay $1,100 at the beginning of each six-month period if interest is 5.5% compounded semiannually? 28 months 14 years 14 months 7 years

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