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You are considering an annuity which costs $90,000 today. The annuity pays $5,900 a year. The rate of return is 6 percent. What is the
You are considering an annuity which costs $90,000 today. The annuity pays $5,900 a year. The rate of return is 6 percent. What is the length of the annuity time period? (Do not round intermediate calculations.) |
21.18 years
139.24 years
42.36 years
12.51 years
15.25 years
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