You are considering an annuity which costs 54200 today the
You are considering an annuity which costs $54200 today. The annuity pays $5800 a year. The rate of return is 6 percent. What is the length of the annuity time period?
11.36 years
14.12 years
7.64 years
19.03 years
10.98 years
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you are considering an annuity which costs 54200 today the annuity pays 5800 a year the rate of return is 6 percent
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