Consider the case of the following annuities, and the need to compute either their expected rate of return or Keep the Highest: 12 duration. Daniel inherited an annuity worth exist4, 060.55 from his under. The annuity will pay him six equal payments of exist800 at the end of each year. The annuity fund is offering a return of Daniel's friend, Ian, has hired a financial planner for advice on retirement. Considering Ian's current expenses and expected future Iifestyle changes, the financial planner has stated that once Ian crosses a threshold of exist3, 472, 147 in savings, he will have enough money for retirement. Ian has nothing saved for his retirement yet, so he plans to start depositing SS5,000 in a retirement fund at a fixed rate of 5.00% at the end of each year. It will take years for Ian to reach his retirement goal