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Leila is planning for retirement. She deposits $650 at the end of each year in an ordinary annuity that pays 4% interest, compounded annually. Answer

Leila is planning for retirement. She deposits

$650

at the end of each year in an ordinary annuity that pays

4%

interest, compounded annually. Answer each part. Do not round any intermediate computations nor answers. If necessary, refer to the

list of financial formulas

.

(a)Find the total value of the annuity at the end of the

1st

year.

$

(b)Find the total value of the annuity at the end of the

2nd

year.

$

(c)Find the total value of the annuity at the end of the

3rd

year.

$

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