Question: need helo with #5 and #8 please!! 5. The Set for Life instant scratch n' win ticket offers playyers a chance to win $1,000 per

need helo with #5 and #8 please!!

5. The Set for Life instant scratch n' win ticket offers playyers a chance to win $1,000 per week for the next 25 years starting immediately upon validation. If a winner was to invest all of his money into an account earning 5% compounded annually, how much money would he have at the end of his 25 -year term? Assume each year has exactly 52 weeks. Determine the type of annuity. 6. ordinary annuity 7. deferred annuities 8. A $2,000 loan at 7% compounded quarterly is taken out today. Four quarterly payments of $522.07 are required. The first payment will be three months after the start of the loan. Draw an annuity timeline and determine the annuity type

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