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28. Check My Work (1 remaining) 29. 30. 31. Laird is trying to determine the interest rate he is receiving on an annuity that he
28. Check My Work (1 remaining) 29. 30. 31. Laird is trying to determine the interest rate he is receiving on an annuity that he initially invested $1,800 0 into. He gets payments of $200 over a five-year period with a lump sum payment at the end of $1,200. The O interest rate Laird is getting rounds to O
O a. 4.2%
O b. 5.1% 32. 33.
O c. 5.9%. 34.
O d. 6.3% 35.
O e. 8.1%
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