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Calculate the future value of each of the following ordinary simple annuities. Round the answers to the nearest cent Periodic PaymentPayment PeriodTerm of AnnuityInterest RateCompounding

Calculate the future value of each of the following ordinary simple annuities.

Round the answers to the nearest cent

  1. Periodic PaymentPayment PeriodTerm of AnnuityInterest RateCompounding FrequencyFuture Value1. $2,075Every 3 months7.5 years4.90%Quarterly2. $2,950Every month6 years3.80%Monthly3. $2,250Every 6 months5.5 years4.40%Semi-annually4. $2,225Every year8 years4.50%Annually

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