Question: Please post the work, so I can understand the process :) -Lori is considering an annuity, which costs $160,000 today. The annuity pays $17,500 a

Please post the work, so I can understand the process :)

-Lori is considering an annuity, which costs $160,000 today. The annuity pays $17,500 a year at an annual interest rate of 7.50 percent. What is the length of the annuity time period?

13 years

14 years

15 years

16 years

17 years

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