Question: how do i solve this on the BAII PLUS calculator? 15. New Jersey Mutual has offered you a single premium annuity that will pay you

how do i solve this on the BAII PLUS calculator?

15. New Jersey Mutual has offered you a single premium annuity that will pay you $12,000 per year (end of year) for the next 15 years. If you must pay $109,296 today for this annuity, what is your expected rate of return? a. 8% b. 9% c.7% d. 10%

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