Considering an annuity which costs

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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. What is the length of the annuity time period?

11.36 years

14.12 years

7.64 years

19.03 years

10.98 years

Reference no: EM13907367

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