(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 to retire from teaching, Hetalics to her about several annuities that she could buy that would guarantee her an annual fixed income. The annuities are as follows in the popup window Nick could eam 11 percent on her money by placing it in a savings account, should she place instead in any of the annutes? Which one, any? Why? a. What rate of retum could Nidi eam on her money if she place it in annuity A with $9,000 payment per year and 16 years duration? k on the following icon in order to copy its contents into a spreadsheet.) AMOUNT OF MONEY RECEIVED PER YEAR INITIAL PAYMENT INTO ANNUITY (AT t = 0) $70,000 $70,000 $40,000 DURATION OF ANNUITY (YEARS) 16 25 ANNUITY A $9,000 $8,000 $6,000 B 15 Done