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Ann Marie has just received a $ 4 9 , 3 6 1 . 5 7 inheritance from her Grandmother's estate and decided to invest
Ann Marie has just received a $ inheritance from her Grandmother's estate and decided to invest the fund into a savings account immediately. She will then use the funds accumulated in the savings account to purchase an annuity that would pay her $ monthly, starting exactly years from now.
How many years will this annuity last? decimals
The quoted interest rate for the entire duration is compounded monthly.
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