Your insurance agent is trying to sell you an annuity that costs $45,000 today. By buying this annuity, your agent promises that you will receive payments of $380 per month for 15 years. What is the rate of return expressed as an APR on this investment?

(a) 6.87%

(b) 5.01%

(c) 5.76%

(d) 6.01%

(e) 5.55%