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Benton owns an annuity that pays $15,000 per year for the next 9 years. He wants to purchase a $175,000 luxury car with the money

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Benton owns an annuity that pays $15,000 per year for the next 9 years. He wants to purchase a $175,000 luxury car with the money from investing the annuity payments at the end of the 9 year period. What annual interest rate does Benton need to achieve to afford his purchase? 4.90% 31.39\% 22.86% 6.37\% Answer does not exist

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