Question: Assume you plan to start an annuity plan by making your first deposit now. If you make annual deposits of a uniform amount A into

Assume you plan to start an annuity plan by making your first deposit now. If you make annual deposits of a uniform amount A into the account that earns interest at a rate of 7% per year, how many years from now will it be until the value of the account is equal to 10 times the value of a single deposit?

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