1) You purchase a 20 year annuity with payments at the end of each year for $15,000 (where for this annuity effective annual interest is 4%). Immediately after you receive payments, you deposit the payment into an account earning 5% effective annual interest. How much is in this account at the end of 20 years? Use this to find the equivalent effective annual interest rate for this $15,000 investment over this 20 year period