5-23 (similar to) ving for r with annuities) Nicki Johnson, a sophomore mechanical engineering student, receives a call from an insurance agent, who believes that Nickl is she could buy that would guarantee her an annual fixed income. The annuities are as follows in the popup window chi could eam 12 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 retum could Nicki eam on her money if she place it in annulty A with $8,500 payment per year and 16 years duration? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. Data Table Click on the following icon in order to copy its contents into a spreadsheet.) INITIAL PAYMENT INTO ANNUITY (AT t = 0) $60,000 $50,000 $60,000 AMOUNT OF MONEY RECEIVED PER YEAR ANNUITY DURATION OF ANNUITY (YEARS) 16