(Solving for with annuities) Nick Johnson, a sophomore mechanical engineering student receives a call from an insurance agent, who believes that Nick is an older woman ready foretre annual foxed income The annuites are as follows in the popup window Nicki could eam 9 percent on her money by placing tina savings account should she place instead in any of the antes? Which ones, tan Why? a. What rate of retum could Nick eam on her money she place in annuity Awth $9,000 payment per year and 22 years duration? > (Round to two decimal places) pomore mechanical engineering student, receives a call from annunce agent who believes that Nichole woman ready to be om eaching Hebat ter bottle of the casolows in the popup window cony by placetna svrsaccount to the placed any of the wes? Which onest any w on her money she place in annuty Awth 5,000 payment per year and 22 years duron? Dista INITIAL AMOUNT OF PAYMENT INTO MONEY DURATION ANNUITY RECEIVED PER OF ANNUITY ANNUITY (AT- YEAR (YEARS $80,000 SO 000 22 U 10.000 0.500 25 C 150 000 000 10 on the contro come Done i Data Table INITIAL AMOUNT OF PAYMENT INTO MONEY DURATION ANNUITY RECEIVED PER OF ANNUITY ANNUITY (AT t = 0) YEAR (YEARS) A $80,000 $9,000 22 B $60,000 $6,500 25 $50,000 $8,000 10 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet) Done woman ready to retire from teaching. He talks to her about several annuities that she could buy that would guarantee her an