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The amount of $840 is invested quarterly at 3.9% compounded semi-annually for 12 years. The balance in the fund is then converted into an annuity.

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The amount of $840 is invested quarterly at 3.9% compounded semi-annually for 12 years. The balance in the fund is then converted into an annuity. paying $380 at the end of every month. If the interest on the annuity is 2% compounded annually, what is the term of the annuity? Round properly. Answer in MONTHS.

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