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You are considering an annuity which costs $100,004 today. The annuity pays $7,500 a year at an annual interest rate of 6.5 percent. What is

You are considering an annuity which costs $100,004 today. The annuity pays $7,500 a year at an annual interest rate of 6.5 percent. What is the length of the annuity time period?

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