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You are considering an annuity which costs $54700 today. The annuity pays $6100 a year. The rate of return is 7 percent. What is the

You are considering an annuity which costs $54700 today. The annuity pays $6100 a year. The rate of return is 7 percent. What is the length of the annuity time period?(Do not round intermediate calculations.)

14.60 years24.58 years16.21 years7.20 years5.83 years

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