P4A-1 (similar to)

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Your grandmother bought an annuity from Rock Solid Life Insurance Company for

$ 430 comma 000$430,000

when she retired. In exchange for the

$ 430 comma 000$430,000,

Rock Solid will pay her

$ 40 comma 000$40,000

per year until she dies. The interest rate is

4 %4%.

How long must she live after the day she retired to come out ahead (that is, to get more in value than what she paid in)?She must live at least

nothing

years. (Round up to the nearest integer.)