Suppose that you make a purchase of $1200 using a credit card that has an APR of 18.99% which compounds daily. If there are no penalties and you don t make any payments for 2 years, how much will you owe in 2 years? $820.88 $1,699.03 None of these $847.54 $1,754.22 1 points QUESTION 5 Which of the following is an example of an annuity investment? Investing $1000 in a project with an expected payoff of $1046 in 2 years. Lending $1000 to a friend to start a business who promises to pay you back $22.24 each month for the next 5 years. None of the above Lending $1000 to a friend who promises to pay back half of the money next year and half of the money the follow year plus interest. Investing $1000 in a mutual fund that expects to pay 4% per year