1. Complete each table. What is the amount of each annuity? [2 x 4 marks] a)...

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1. Complete each table. What is the amount of each annuity? [2 x 4 marks] a) $1000 deposited at the end of each year at 8% per year compounded annually. -234 Year Ending Balance $1.000.00 Starting Balance Interest Eamed Deposit $0.00 $1.000.00 $0.00 $80.00 $1.000.00 $1.000.00 $2 800.00 $1.000.00 $1.000.00 b) $100 deposited at the end of each month at 6% per year compounded monthly. Month 2 1-234 Starting Interest earned Deposit Ending Balance Balance $0.00 $0.00 $100.00 $100.00 $100.00 $0.50 $100.00 $200.50 $100.00 $100.00 1. Complete each table. What is the amount of each annuity? [2 x 4 marks] a) $1000 deposited at the end of each year at 8% per year compounded annually. -234 Year Ending Balance $1.000.00 Starting Balance Interest Eamed Deposit $0.00 $1.000.00 $0.00 $80.00 $1.000.00 $1.000.00 $2 800.00 $1.000.00 $1.000.00 b) $100 deposited at the end of each month at 6% per year compounded monthly. Month 2 1-234 Starting Interest earned Deposit Ending Balance Balance $0.00 $0.00 $100.00 $100.00 $100.00 $0.50 $100.00 $200.50 $100.00 $100.00

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