Question: need help on 7 and 8 Question 7 (1 point) You expect to make equal payments of $ 13320.00 at the end of each of

need help on 7 and 8

Question 7 (1 point) You expect to make equal payments of $ 13320.00 at the end of each of the next 7 years (ordinary annuity) into a new bank account earning interest at 12%. What is the future value of the annuity stream? (use annual compounding) (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 8 (1 point) A 8.0%, 7-year ordinary annuity pays $280.00 each year. What is the future value of the annuity? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00)

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