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An annuity that pays $14,000 a year at an annual interest rateof 5.04 percent costs $145,000 today. What is the length of theannuity time period?

An annuity that pays $14,000 a year at an annual interest rateof 5.04 percent costs $145,000 today. What is the length of theannuity time period? (Do not round intermediate calculations andround yo 2 answers

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