Calculate the amount of each annuity a. $1200 withdrawn every six months for 5 years at A 1/2 % compounded annually. b. $500 withdrawn at the end of each year for 12 years at 4.75% compounded annually. c. $1250 withdrawn at the end of three months for 20 years at 0.25% compounded quarterly. Don won the "Cash for Life" lottery and will receive a $1000 per week for the 25 years. How much the lottery corporation invest today into an that pays 4% compounded weekly to provide Don with the prize? An annuity pays $1200 per year for 15 years. The money is invested at 6.2% compounded annually. The first payment is made 1 year after the purchase of the annuity. Determine the interest earned by the annuity over the 15 years. Noah wants to buy a 5 year annuity. He has two options. Option A pays $1000 at the end of each year, starting one year from now. It earns interest at 6.25% compounded annually. Option B pays $500 at the end of every six months, starting six months from now. It earns interest at 6.25% compounded semi-annually. Which annuity should Noah choose? Write an explanation that includes calculations to support your answer. Calculate the amount of each annuity a. $1200 withdrawn every six months for 5 years at A 1/2 % compounded annually. b. $500 withdrawn at the end of each year for 12 years at 4.75% compounded annually. c. $1250 withdrawn at the end of three months for 20 years at 0.25% compounded quarterly. Don won the "Cash for Life" lottery and will receive a $1000 per week for the 25 years. How much the lottery corporation invest today into an that pays 4% compounded weekly to provide Don with the prize? An annuity pays $1200 per year for 15 years. The money is invested at 6.2% compounded annually. The first payment is made 1 year after the purchase of the annuity. Determine the interest earned by the annuity over the 15 years. Noah wants to buy a 5 year annuity. He has two options. Option A pays $1000 at the end of each year, starting one year from now. It earns interest at 6.25% compounded annually. Option B pays $500 at the end of every six months, starting six months from now. It earns interest at 6.25% compounded semi-annually. Which annuity should Noah choose? Write an explanation that includes calculations to support your