(Solving for r with annuities) NickiJohnson, a sophomore mechanical engineeringstudent, receives a call from an insuranceagent, who believes that Nicki is an older woman ready to retire from teaching. He talks to her about several annuities that she could buy that would guarantee her an annual fixed income. The annuities are as follows in the popupwindow: LOADING...

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If Nicki could earn 9 percent on her money by placing it in a savingsaccount, should she place it instead in any of theannuities? Whichones, ifany? Why?

a. What rate of return could Nicki earn on her money if she place it in annuity A with $7,500 payment per year and 18 yearsduration?

Johnson, a sophomore mechanical engineering student, receives a call from an insurance agent, who believes th her about several annuities that she could buy that would guarantee her an annual fixed income. The annuities are er money by placing it in a savings account, should she place it instead in any of the annuities? Which ones, if any able INITIAL AMOUNT OF PAYMENT INTO MONEY DURATION ANNUITY RECEIVED PER WOF ANNUITY ANNUITY (AT t = 0) YEAR (YEARS $70,000 $7,500 18 $50,000 $6,000 15 C $60.000 $6,500 20 (Click on the icon located on the top right comer of the date table above in order to copy its contents into a spreadsheet Done box and then click Check