Chris Seals has just given an insurance company $73,525. In return, she will receive an annuity of $10,790 for 12 years a. At what rate of return must the insurance company invest this $73,525 to make the annual payments? (Use a Financial calculator to orrive ot the onswers. Round the final onswer to 3 decimal ploces.) Rate of return 96 b. What rate of return is required if the annuity is payable at the beginning of each year? (Use o Financial calculator to orrive at the answers. Round the final answer to 2 decimal places.) Rate of return % John Foresight has just invested $9,360 for his son (age one). The money will be used for his son's education 19 years from now. He calculates that he will need $40,345 for his son's education by the time the boy goes to school What rate of return will Mr. Foresight need to achieve this goal? (Use o Financiol calculator to arrive at the answer. Round the final answer to 2 decimal places.) Rate of return % Graham Bell has just retired after 30 years with the telephone company. His total pension funds have an accumulated value of $290,000, and his life expectancy is 17 more years. His pension fund manager assumes he can earn a 8 percent return on his assets. What will be his yearly annuity for the next 17 years? (Use o Financial calculator to orrive ot the onswer. Round the final answer to the nearest dollor amount.) Annuity 5 River Babylon, an archaeology professor, invests $96,000 in a parcel of land that is expected to increase in value by 16 percent per year for the next eight years. He will take the proceeds and provide himself with a 12 -year annuity Assuming a 10 percent interest rate, how much the payments will be for the annuity? (Use a Financial calculator to arrive at the answer. Do not round intermediate calculations. Round your final onswer to 2 decimal places.) Annuity value