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show work BY HAND, not excell 1. (16 pts) An annuity lasts for twelve calendar years. At the end of each quarter, there is a

image text in transcribedshow work BY HAND, not excell

1. (16 pts) An annuity lasts for twelve calendar years. At the end of each quarter, there is a payment. First quarter payments are $100, second quarter payment $200, third quarter payments are $125, and fourth quarter payments are 300. Find the accumulated value of this annuity just after the last payment using a nominal quarterly interest rate is 6.8%

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