An annuity pays $6100 each year. It cost $57200 today. The interest rate is 7 percent. How

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An annuity pays $6100 each year. It cost $57200 today. The interest rate is 7 percent.

How many years is the annuity?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 20, 2023 02:08 AM

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An annuity pays $6100 each year. It cost $57200 today. The interest rate is 7 percent. How

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To determine the number of years for the annuity we can use the present val... View the full answer

Personal Finance

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