5 After retiring at age 55, Danny rolls his 600000 into an annuity account earning 5.9% pa. compounded quarterly If he wants his money to last for 25 years, how much can be withdraw each quarter? b How much money will be left in Danny's annuity account when he is 68? How much more could Danny withdraw each quarter if his money only needed to last 20 years? 6 When Maggie retires at 70, she will deposit her savings in an annuity account which pays 6.2% pa. interest compounded monthly. She wants to withdraw $4500 per month from the annuity account until she is 90. # Show that Maggie will withdraw a total of 1 080000 from her annuity account bExplain why Maggie does not need $1080000 in savings at the time when she retires.