Calculate the Term, Expressed in Years and Months, of the Following

question 31

Short Answer

Calculate the term, expressed in years and months, of the following ordinary annuity.

---

Definitions:

Subduction Zone

A region at convergent plate boundaries where one tectonic plate moves under another into the mantle, often causing earthquakes and volcanic activity.

Seawater

The saltwater that makes up the oceans and seas covering more than 70% of the Earth's surface, comprising a complex solution of various salts and minerals.

Mid-Ocean Ridge

A subaquatic chain of mountains created by the movement of tectonic plates, leading to the formation of new ocean floor.

Decompression

The reduction of pressure around a body, often used in contexts related to diving or escaping from high-pressure environments.