Question: (Solving for with antico) Nick Johnson, a sophomore mechanical engineering student receives a call from an insurance agent who believes that Nick is an older

(Solving for with antico) Nick Johnson, a sophomore mechanical engineering student receives a call from an insurance agent who believes that Nick is an older woman ready to tetite 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 popup window 11 Nicki could eam 9 percent on her money by placing it in a savings account, should she place it instead in any of the annuities? Which ones, if any? Why? What rate of return could Nicki tani on her money if she place it in animaty A with 88.000 payment per year and 22 years duration? I Rosind to two decimal places) - Data table (Click on the following icon in order to copy its contents into a spreadsheet) ANNUITY A B INITIAL PAYMENT INTO ANNUITY (ATE=0) $80,000 $70,000 $60,000 AMOUNT OF MONEY RECEIVED PER YEAR $8,000 $7,500 $7,000 DURATION OF ANNUITY (YEARS) 22 20 18 Done
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