You are considering an annuity which costs 72600 today the
You are considering an annuity which costs $72,600 today. The annuity pays $5,100 a year. The rate of return is 4 percent. What is the length of the annuity time period?
-5.39 years
-10.74 years
-14.24 years
-21.48 years
-2.42 years
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