Reference no: EM131974568

Compound Annuity What is the accumulated sum of each of the following streams of payments? a. SAR 1,100 a year for 5 years compounded annually at 7 percent b. SAR 1,350 a year for 4 years compounded annually at 10 percent c. SAR 225 a year for 3 years compounded annually at 9 percent d. SAR 400 a year for 7 years compounded annually at 3 percent Solution A) Pymt 1,100 Years 5 Percent 7% FV = B) Pymt 1,350 Years 3.25 Percent 10% FV = C) Pymt 225 Years 3 Percent 9% FV = D) Pymt 400 Years 7 Percent 3% FV =