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You are considering an annuity which costs $ 9 0 , 5 0 0 today. The annuity pays $ 6 , 2 0 0 a

You are considering an annuity which costs $90,500 today. The annuity pays $6,200 a year. The rate of return is 6 percent. What is the length of the annuity time period? (Do not round intermediate calculations.)

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