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Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Value: 14500 Periodic
Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months).
Present Value: 14500
Periodic Payment: 2300
Payment Interval: 6 months
Interest: 3.5%
Compounding Period: annually
The term of the annuity is year(s) and month(s)?
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