At age 46, jasper invested $34,000 in an annuity at an apr of 5.4%, compounded monthly and agreed to start receiving payments at age 60. however, after exactly 8 years, jasper withdrew $9200. his insurance company has a surrender charge of 2.2% of the withdrawal for taking money out of the annuity early, and the irs also charges a 10 % fee if you withdraw money before you are 59.5 years of age. jasper is wondering what effect this early withdrawal had his finances. work with him to figure it out.