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16 Save & Exit Submit You want to buy a nice road bike. You place $2,200 at the end of each year in an
16 Save & Exit Submit You want to buy a nice road bike. You place $2,200 at the end of each year in an investment account that earns 8% compounded annually. How much will be in the account after (a) two years, (b) three years, or (c) four years? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Annuity Paymont Annual Rato Interest Compounded Period Invested Future Value of Annuity a. $ 2,200 5% Annually 2 years $ 2,425.50 b. 2,200 5% Annually 3 years 2,546.78 0 C. 2,200 5% Annually 4 years 2,674.11 1 Check my work
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