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An annuity that pays $13,000 a year at an annual interest rate of 4.61 percent costs $155,000 today. What is the length of the annuity
An annuity that pays $13,000 a year at an annual interest rate of 4.61 percent costs $155,000 today. What is the length of the annuity time period?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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