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You are considering an annuity which costs $100,000 today. The annuity pays $8,000 a year at an annual interest rate of 5.5 percent. What is

You are considering an annuity which costs $100,000 today. The annuity pays $8,000 a year at an annual interest rate of 5.5 percent. What is the length of the annuity time period? 22.54 22.05 21.44 21.72 19.23

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