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Marie has a $1,200,000 investment portfolio and she wishes to spend $87,500 per year as an ordinary annuity. If the investment account earns 5% annually,

Marie has a $1,200,000 investment portfolio and she wishes to spend $87,500 per year as an ordinary annuity. If the investment account earns 5% annually, how long will her portfolio last? 23.72 years 11.43 years 19.86 years 14.17 years

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