oth calculations are based on an annual effective interest rate of i. Find

(1 point) (Exercise 3.30) A beneficiary receives a S 10,000 lite insurance benefit. It the beneficiary uses the proceeds to buy a 12-year annuity-immediate, the annual payout will be $1272_47_ It a 24-year annuity-immediate is purchased, the annual payout will be $887_25_ 80th calculations are based on an annual effective interest rate ot i. Find i.