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If $410,000 accumulated in an RRSP is used to purchase an annuity earning 7.2% compounded monthly and paying $4,500 at the end of each month,
If $410,000 accumulated in an RRSP is used to purchase an annuity earning 7.2% compounded monthly and paying $4,500 at the end of each month, what will be the term of the annuity?
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