Question: This problem demonstrates the dependence of an annuity's future value on the size of the periodic payment. Suppose a fixed amount will be invested at

This problem demonstrates the dependence of an annuity's future value on the size of the periodic payment. Suppose a fixed amount will be invested at the end of each year and that the invested funds will earn 4.3% compounded annually. What will be the future value of the investments after 20 years if the periodic investment is: (Do not round intermediate calculations and round your final answers to 2 decimal places.)

Investment Future Value
a. $1300 per year $
b. $2300 per year $
c. $3300 per year $

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