This problem demonstrates the dependence of an annuity’s future value on the size of the periodic payment. Suppose a fixed amount will be invested at the end of each year and that the invested funds will earn 8% compounded annually. What will be the future value of the investments after 25 years if the periodic investment is:
a. $1000 per year?
b. $2000 per year?
c. $3000 per year?