(Compound annuity)

What is the accumulated sum of each of the following streams of payments?

a. $500 a year for 10 years compounded annually at 5 percent.

b. $100 a year for 5 years compounded annually at 10 percent.

c. $35 a year for 7 years compounded annually at 7 percent.

d. $25 a year for 3 years compounded annually at 2 percent.

a. What is the accumulated sum of $500 a year for 10 years compounded annually at 5 percent? $6,288

(Round to the nearest cent.)