Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months).

Present

Value

$7000

Periodic

Payment

$250

Payment

Interval

month

Interest

Rate

5%

Compounding

Period

semi-annually

Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). The term of the annuity is year(s) and month(s)