1. michael invests $2000 in an annuity that offers an interest rate of 4% compounded quarterly for 5 years. what is the value of michael's investment after 5 years? $2102.02 $4382.25 $2440.38 $2433.31 2. suppose you invest $50 a month in an annuity that earns 48% apr compounded monthly. how much money will you have in this account after 2 years? $1536.19 $751.29 $1954.13 $2001.29 3. danielle invests $50 a month in an annuity that earns 4% apr and is compounded monthly. what is the future value of danielle's account in 3 years? $1843.29 $2153.85 $1909.06 $2082.39 4. suppose you invest $10,000 at the age of 40, and agree to start receiving payments at the age of 50. at age 48, you decide you want to withdraw $2500 from your account. what is the irs fee you will have to pay? remember, the irs charges 10% if you withdraw before you are 59. 5. show your work to get full credit! 5. suppose you invest $20,000 at the age of 40, and agree to start receiving payments at the age of 50. at age 47, you decide you want to withdraw $7500 from your account. the insurance company charges you 50% of the withdrawal. what is the surrender charge? (show all work to get full credit! )