Consider the case or the following annuities, ard the need to computs eather their expected rate of refum or aration. Anthony needed money for some unexpected expenses, so he borrowed \$3,289.13 Trom a friend and agreed to repay the loan in six equal instaliments of 5800 at the end of each vear. The agreement is offering an implied interest rate of Antwomys riend, Sachil, has hired a financial planner for advice on retirement. Consibering Sachit's current expenses and expected nuture lifestyle changes, the finandal planner has stated that once Sachit crosses a threshold of \$1,121,164 in savings, he will have enough money for retirament. Sachit has nobting saved for his retirement yet, so he plans to start depositing 540,000 in a retirement fund at a fixed rate of 12 .00\%, at the end of eagi year. It will take years for sachit to reach his retirement goal