Determine the length of the annuity time period
You are considering an annuity which costs $160,000 today. The annuity pays $18,126 a year at an annual interest rate of 7.50 percent. What is the length of the annuity time period?
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The annuity pays $18,126 a year at an annual interest rate of 7.50 percent. What is the length of the annuity time period?
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