Business Packet Lecture Four 1. Kelly has $750,000 in a retirement annuity that pays 5 7% compounded monthly. How much can she receive each month for the next 15 years? 2. Jennifer plans to withdraw $300 each quarter from her annuity that earns 2.25% compounded quarterly for the next 26 years. How much must be in her account? 3. George has $8,000 in an annuity that pays 8% compounded monthly. How much can he withdraw each month for the next ten years