You want to receive quarterly payments of $3000, beginning at the end of this quarter. You want to receive payments for 25 years and the cost of the annuity is $100,000. What is the APR on this investment (approximately)? \begin{tabular}{ll} a) & 2.81% \\ b) & 6.73% \\ c) & 11.25% \\ d) & 2.62% \\ e) & 10.49% \end{tabular}