1. What is the future value of annual annuity payments of $1,125 over the next 12 years at interest rates of 3 percent? Round your answer to the whole dollar.
2. Solve for the present value of $21,500 one year into the future invested at 3 percent if compounding semiannual. Round your answer to the whole dollar.
3. Solve for the future value of $1,300 after 1 year invested at 4 percent if compounding is semiannual. Round your answer to two decimal places.