You have saved $47,000 for college and wish to use $15,000 per year. If you use the money as an ordinary annuity and earn 6.15% on your investment, how many years will your annuity last?


You feel saved $47,000 for nursery and longing to use $15,000 per year. If you use the specie as an settled annuity and gain 6.15% on your investment, how numerous years earn your annuity conclusive?