A plaintiff in a successful lawsuit was awarded a judgment of $$4800$ per month for $5$ years. The plaintiff has the need of a fairly large sum of money immediately for an investment of his own, and has offered the defendant the opportunity to pay off the award in a lump$-$sum amount of $$110,000.$ If the defendant accepts the offer and pays the $$110,000$ now, what rate of return will theA plaintiff in a successful lawsuit was awarded a judgment of $$4800$ per month for $5$ years. The plaintiff has the need of a fairly large sum of money immediately for an investment of his own, and has offered the defendant the opportunity to pay off the award in a lump$-$sum amount of $$110,000.$ If the defendant accepts the offer and pays the $$110,000$ now, what rate of return will the defendant have made by not paying the $60$ monthly amounts? defendant have made by not paying the $60$ monthly amounts?