Question: please show work not on excel 23) You are wondering whether to buy an annuity just offered to you by Calvin's Crazy Credit Company (The

please show work not on excel

23) You are wondering whether to buy an annuity just offered to you by Calvin's Crazy Credit Company (The "4C's"). For a mere $5,000 today, 4Cs is offering to pay you $500 per year for the next 12 years. What annual rate of interest is OF offering on this investment? 0 2.9% 0 0.3% 0 10.0%

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