The annuity pays 17500 a year at an annual interest rate of, Financial Management

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The annuity pays 17500 a year at an annual interest rate of

Using the Texas Instruments BA II Plus calculator, please show steps for solving (other than trial and error of adding the years): You are considering an annuity that costs $160,000 today. The annuity pays $17,500 a year at an annual interest rate of 7.5 percent. What is the length of the annuity time period?

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Financial Management: The annuity pays 17500 a year at an annual interest rate of

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Financial Management: The annuity pays 17500 a year at an annual interest rate of

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