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Posted on Sep 20, 2024

An ordinary annuity of $ 1 5 , 0 0 0 has a future value of $ 8 8 7 , 3 4 6 .

An ordinary annuity of $

15, 000

has a future value of $

887, 346 .

What is the length of the annuity if the interest rate is

6 % ?

Group of answer choices

24

years.

26

years.

22

years.

20

years.

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