(1)

(2)

Christopher deposits $800 at the end of every month for 1 years and 5 months in a retirement fund at 4.16% compounded semi-annually. a. What type of annuity is this? o Ordinary simple annuity o Ordinary general annuity Simple annuity due General annuity due b. How many payments are there in this annuity? How much interest is earned in an investment if $500 is deposited monthly at 3.0% compounded monthly if the term of the investment is 7 years? Round to the nearest cent