Give me right solution Mr. Jobs pays $1, 100, 000 for an oil well which will yield a net income of $ 200, XXXXXXXXXXat the end of each year for 10 years and then will become useless. He accumulates a...

Give me right solution

Mr. Jobs pays $1, 100, 000 for an oil well which will yield a net income of $ 200, 000.00 at
the end of each year for 10 years and then will become useless. He accumulates a
replacement fund to recover his capital by annual investments at 4.5 %. At what rate does
he receive interest on his investment at the end of each year?