your friend Lilly wants to invest in annuity for 5 years in order to have at leastR100000 at the end of the five year investment she needs at leastR100000 to invest in a rental property. Her financial advisor offered her the option to invest in an annuity from which she will receive interest if 7 % per year.She will, however, have to investR18000 at the end of each year for the five year period