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Selene receives $8.000 per year for the next 9 years, She hopes to purchase a $150,000 sports car with the proceeds from investing these annuity

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Selene receives $8.000 per year for the next 9 years, She hopes to purchase a $150,000 sports car with the proceeds from investing these annuity payments at the end of the 9 year period. What annual interest nate does Selene need to earm to afford the purchase? 17.59% 12.515 Answer does not exist 38.50% 52.00%

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