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Ty received a separation payment of $25 000 from his former employer when he was 35-years old. He invested that sum of money at 5.5%

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Ty received a separation payment of $25 000 from his former employer when he was 35-years old. He invested that sum of money at 5.5% compounded semi-annually. When he was 65, he converted the balance into an ordinary annuity paying 56000 every 3 months with interest at 6% compounded quarterly. For how long will the annuity continue to pay him? Show answer in quarters founded to 2 decimal places le 33.67

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