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You are considering an annuity which costs $118,909 today. The annuity pays $7,300 a year at an annual interest rate of 4.5 percent. What is

You are considering an annuity which costs $118,909 today. The annuity pays $7,300 a year at an annual interest rate of 4.5 percent. What is the length of the annuity time period?

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