22. An inheritance provides an award of $999 at the end of each year, beginning in one year that continues forever. At the reading of the will you learn that you can instead trade this award for a one-time immediate (time 0) payment of $12,488. Approximately what interest rate is being applied to value this perpetuity? A. 10% B. 5% C. 6% D. 7% E. 8%

Please explain clearly with T1-84 instructions if possible