1. Seven years ago today, John deposited $15,000 in an account that pays 4% compounded annually. If you left that money in the account and reinvested all the interest payments, how much is that account worth today? The problem is asking you to calculate: a.The present value of an annuity. b.The future value of an annuity. c. The present value of a single payment. d.The future value of a single payment. 2.Which of the following would result in the largest growth of $1000 after one year? [r% =annual percentage rate 1. r% compounded daily 2. r% compounded monthly 3. r% compounded quarterly 4. r% compounded semi annually