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Assume that you own an annuity that will pay you $18,000 per year for 14 years, with the first payment being made today. You need

Assume that you own an annuity that will pay you $18,000 per year for 14 years, with the first payment being made today. You need money today to open a new restaurant, and your uncle offers to give you $145,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment? O 10.13% none of the answers is correct 9.57% 25.76% O 12.92%
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Assume that you own an annuity that will pay you $18,000 per year for 14 years, with the first payment being made today. You need money today to open a new restaurant, and your uncle offers to give you $145,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment? 10.13% none of the answers is correct 9.57% 25.76% 12.92%

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