The future value of a $10,000 annuity deposited at 12 percent compounded annually for each of next 5 years is: (Round to the nearest whole dollar)

A.

$40,376

B.

$63,528

C.

$71,154

D.

$36,050

The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is: (Round to the nearest whole dollar)

A.

$8,530

B.

$11,464

C.

$11,808

D.

$10,000

Peter will receive $1,200 at the beginning of each of the next seven years. What is the future value of this annuity, assuming the interest rate is 9% compounded annually? (Round to the nearest whole dollar)

A.

$8,400

B.

$13,234

C.

$1,200

D.

$12,034

E.

$11,041