[See Steps] (Compound Annuity) What is the accumulated sum of each of the following streams of payments? $500 a year for 10 years compounded annually at


Question: (Compound Annuity) What is the accumulated sum of each of the following streams of payments?

  1. $500 a year for 10 years compounded annually at 5 percent
  2. $100 a year for 5 years compounded annually at 10 percent
  3. $35 a year for 7 years compounded annually at 7 percent
  4. $25 a year for 3 years compounded annually at 2 percent

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