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If $ 4 8 0 , 0 0 0 accumulated in an RRSP is used to purchase an annuity earning 7 . 2 % compounded

If $480,000 accumulated in an RRSP is used to purchase an annuity earning 7.2% compounded monthly and paying $4500 at the end of each month will be the term of the annuity. (Do not round intermediate calculations and round up the final answer to the nearest month.)

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