Question: please show the formula on how to get the effective rate Muhammad retires with a pension that will pay him ( $ 4,841.05 ) annually,

please show the formula on how to get the effective rate

Muhammad retires with a pension that will pay him \$ \\$ 4,841.05 \$ annually, at the end of each period, for th next 13 years. An actuary tells Muhammad his pension is worth \$ \\$ 45,500.00 \$. a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is \\$ d) The effective interest rate per period is \ e) The present/future value is \\$

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