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An annuity pays $6100 eachyear. It cost$57200 today. The interest rate is 7 percent. How many years is the annuity? Multiple choice: A. 6.82 years

An annuity pays $6100 eachyear. It cost$57200 today. The interest rate is 7 percent. How many years is the annuity?

Multiple choice:

A. 6.82 years

B. 15.79 years

C. 7.46 years

D. 21.64 years

E. 17.34 years

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