Question $13$

$1$ pts

You paid $$220,910\mathrm{.}07$ for an investment that promises to make monthly payments of $$2,090$ for the next $18$ years, then an additional lump sum payment of $$3,500$ at the end of the $18$ th year. What is the return rate on your investment?

$9\mathrm{.}6\%$

$1\mathrm{.}8\%$

$8\mathrm{.}8\%$

$9\mathrm{.}2\%$

$0\mathrm{.}8\%$