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Annette has just inherited $180,000. She invests this money at a rate of return of 6.19% per year compounded quarterly. After some period of time,
Annette has just inherited $180,000. She invests this money at a rate of return of 6.19% per year compounded quarterly. After some period of time, she purchases an annuity that pays $3080 at the beginning of each month for 17 years.
Investing the $180,000 today, how many years until Annette can purchase her annuity? No units are required.
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