Related to Check 6.25 (Present value of an ordinary annuity) Nicki Johnson, a sophomore mechanical engineering student receives a call from an insurance agent who believes that Nick is an older woman who is ready to retire from teaching. He talks to her about several annuities that she could buy that would guarantee her a fixed annual income. Please look at the pocture posted for annuities.

Nicki could earn 9 percent on her money by placing it in a savings account Alteratively, she could place it in any of the above annuies Which annuities in the table above, if any will earn Nicki a higher return than investing in the savings account earning 9 percent?

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