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Posted on Jul 27, 2024

You buy an ordinary annuity today for $ 1 4 3 , 9 7 8 , which promises to pay you $ 1 2 ,

You buy an ordinary annuity today for $

143, 978,

which promises to pay you $

12, 917

per year. If the interest rate is

4.6

percent, for how many years will you receive payments? Answer to

4

decimals.

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