1.What is the present value of an annuity due if you deposit $1,200 per year for the next 5 years into an account that earns an interest rate of 5 percent annually? A. $5,195 B. $8,288 C. $5,455 D. $6,703

2. What is the future value of an annuity due if you deposit $1,500 per year for the next 5 years into an account that earns an interest rate of 5 percent annually? A. $8,703 B. $7,500 C. $8,288 D. $11,914