(1)
Compound annuity) What is the accumulated sum of each of the following streams of payments?
a. $500 a year for 9 years compounded annually at 11 percent.
b. $112 a year for 8 years compounded annually at 7 percent.
c. $32 a year for 13 years compounded annually at 11percent.
d. $28 a year for 5 years compounded annually at 6 percent