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Find the future value of the given annuity due. $1200 each year for 14 years at the rate of 8% compounded annually interest table for

Find the future value of the given annuity due.

$1200 each year for 14 years at the rate of 8% compounded annually

interest table for r=0.04

n (1+r)^n (1+r)^-n a angle n at r s angle n at r 1 1.04 0.961538 0.961538 1 2 1.0816 0.924556 1.886095 2.04 3 1.124864 0.888996 2.775091 3.1216 4 1.169859 0.854804 3.629895 4.246464 5 1.216653 0.821927 4.451822 5.416323 6 1.265319 0.790315 5.242137 6.632975 7 1.315932 0.759918 6.002055 7.898294 8 1.368569 0.73069 6.732745 9.214226 9 1.423312 0.702587 7.435332 10.582795 10 1.480244 0.675564 8.110896 12.006107 11 1.539454 0.649581 8.760477 13.486351 12 1.601032 0.624597 9.385074 15.025805 13 1.665074 0.600574 9.985648 16.626838 14 1.731676 0.577475 10.563123 18.291911 15 1.800944 0.555265 11.118387 20.023588 16 1.872981 0.533908 11.652296 21.824531 17 1.9479 0.513373 12.165669 23.697512 18 2.025817 0.493628 12.659297 25.645413 19 2.106849 0.474642 13.133939 27.671229 20 2.191123 0.456387 13.590326 29.778079 21 2.278768 0.438834 14.02916 31.969202 22 2.369919 0.421955 14.451115 34.24797 23 2.464716 0.405726 14.856842 36.617889 24 2.563304 0.390121 15.246963 39.082604 25 2.665836 0.375117 15.62208 41.645908 26 2.77247 0.360689 15.982769 44.311745 27 2.883369 0.346817 16.329586 47.084214 28 2.998703 0.333477 16.663063 49.967583 29 3.118651 0.320651 16.983715 52.966286 30 3.243398 0.308319 17.292033 56.084938 31 3.373133 0.29646 17.588494 59.328335 32 3.508059 0.285058 17.873551 62.701469 33 3.648381 0.274094 18.147646 66.209527 34 3.794316 0.263552 18.411198 69.857909 35 3.946089 0.253415 18.664613 73.652225 36 4.103933 0.243669 18.908282 77.598314 37 4.26809 0.234297 19.142579 81.702246 38 4.438813 0.225285 19.367864 85.970336 39 4.616366 0.216621 19.584485 90.40915 40 4.801021 0.208289 19.792774 95.025516

interest table for r=0.08

n (1+r)^n (1+r)^-n a angle n at r s angle n at r 1.00 1.08 0.925926 0.925926 1 2 1.1664 0.857339 1.783265 2.08 3 1.259712 0.793832 2.577097 3.2464 4 1.360489 0.73503 3.312127 4.506112 5 1.469328 0.680583 3.99271 5.866601 6 1.586874 0.63017 4.62288 7.335929 7 1.713824 0.58349 5.20637 8.922803 8 1.85093 0.540269 5.746639 10.636628 9 1.999005 0.500249 6.246888 12.487558 10 2.158925 0.463193 6.710081 14.486562 11 2.331639 0.428883 7.138964 16.645487 12 2.51817 0.397114 7.536078 18.977126 13 2.719624 0.367698 7.903776 21.495297 14 2.937194 0.340461 8.244237 24.21492 15 3.172169 0.315242 8.559479 27.152114 16 3.425943 0.29189 8.851369 30.324283 17 3.700018 0.270269 9.121638 33.750226 18 3.996019 0.250249 9.371887 37.450244 19 4.315701 0.231712 9.603599 41.446263 20 4.660957 0.214548 9.818147 45.761964 21 5.033834 0.198656 10.016803 50.422921 22 5.43654 0.183941 10.200744 55.456755 23 5.871464 0.170315 10.371059 60.893296 24 6.341181 0.157699 10.528758 66.764759 25 6.848475 0.146018 10.674776 73.10594 26 7.396353 0.135202 10.809978 79.954415 27 7.988061 0.125187 10.935165 87.350768 28 8.627106 0.115914 11.051078 95.33883 29 9.317275 0.107328 11.158406 103.965936 30 10.062657 0.099377 11.257783 113.283211 31 10.867669 0.092016 11.349799 123.345868 32 11.737083 0.0852 11.434999 134.213537 33 12.67605 0.078889 11.513888 145.95062 34 13.690134 0.073045 11.586934 158.62667 35 14.785344 0.067635 11.654568 172.316804 36 15.968172 0.062625 11.717193 187.102148 37 17.245626 0.057986 11.775179 203.07032 38 18.625276 0.05369 11.828869 220.315945 39 20.115298 0.049713 11.878582 238.941221 40 21.724521 0.046031 11.924613 259.056519

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The future value of the annuity due is $ (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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