Determine the term, expressed in years and months, for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral.
Definitions:
Ossicles
The three small bones in the middle ear called the malleus, incus, and stapes, which are essential for the transmission of sound.
Eardrum
A slim barrier dividing the external ear from the middle ear, which oscillates upon receiving sound vibrations.
Pharynx
A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, facilitating breathing and swallowing.
Endolymph
A fluid located within the membranous labyrinth of the inner ear, playing a key role in hearing and balance.
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