1. Given the time value of money of 11 compounded annually calculate the term of an ordinary annuity of 425 monthly payments with a future value of 37725.
2. 
   
3. Select one 
4. 
   
5. a 660 years 
6. 
   
7. b 55 years  
8. 
   
9. c 330 years  
10. 
    
11. d 110 years

e 143 years