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The present value of an annuity that pays $1 million per year for n years, is $9 million. If the interest rate is 5% per

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The present value of an annuity that pays $1 million per year for n years, is $9 million. If the interest rate is 5% per annum, n is approximately equal to how many years? A. 45 years B. 16.5 years C. 12.25 years D. 11 years O E. 8 years

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