Question 8 (1 point) Using an inheritance he recently received Sam wants to purchase a deferred annuity that will pay $5000 every 3 months between age 60 (when he plans to retire) and age 65 (when his permanent pension will begin). The first payment is to be 3 months after he turns 60, and the last is to be on his 65th birthday If Sam's current age is 50 years and 6 months, and the invested funds will earn 6% compounded quarterly, what amount must he invest in the deferred annuity