(8) 4. You are planning for retirement. Your pension plan at work is an annuity with a guaranteed return of 5.37% per year (compounded monthly). You can afford payments of $250 per month into the fund and will be working for 35 more years. After you retire you will be paid a monthly pension based on a 20 year payout. How much will you receive each month? (8) 5. How long will it take for $100,000 to grow to $1,000,000 if invested at 7% interest compounded quarterly