A property development agreement valued at $45,000 requires annual lease payments of $10,000. The first...

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Accounting

A property development agreement valued at $45,000 requires annual lease payments of $10,000. The first payment is due six years after the date of the agreement and interest is 11% compounded quarterly. For how long will payments be made?
The payments will be made for year(s) and month(s).(Type whole numbers.)
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