What is the length of the annuity time period

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Question: You are considering an annuity which costs $100,004 today. The annuity pays $7,500 a year at an annual interest rate of 6.5 percent. What is the length of the annuity time period? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131960831

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