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Keith Riggins expects an investment of $106,216.80 to return $12,000 annually for several years. If Riggins earns a return of 8%, how many annual payments
Keith Riggins expects an investment of $106,216.80 to return $12,000 annually for several years. If Riggins earns a return of 8%, how many annual payments will he receive? (PV of \$1. EV of \$1. PVA of \$1, and FVA of \$1) (Use appropriate factor(\$) from the tables provided. Round "Table Factor" to 4 decimal places.)
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