Assume that you own an annuity that will pay you $$15,000$ per year for $12$ years, with the first payment being made today. You need money today to open a new restaurant, and your uncle offers to give you $$120,000$ for the annuity. If you sell it$,$ what rate of return would your uncle earn on his investment?

Select the correct answer.

a$.8\mathrm{.}41\%$

b$.8\mathrm{.}21\%$

c$.8\mathrm{.}51\%$

d$.8\mathrm{.}31\%$

e$.8\mathrm{.}61\%$