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Mr. I . Casillas is considering an annuity which costs $100,000 today. The annuity pays $6,000 at the end of each year. The rate of

Mr. I . Casillas is considering an annuity which costs $100,000 today. The annuity pays $6,000 at the end of each year. The rate of return is 4.5%. What is the length of the annuity time period?

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