Length of the annuity time period
Problem:
You are considering an annuity which costs $75,100 today. The annuity pays $6,600 a year. The rate of return is 4 percent.
Required:
Question: What is the length of the annuity time period?
Note: Provide support for rationale.
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Question: What is the length of the annuity time period? Note: Provide support for rationale.
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