Turn to page E4 and E5 and review the future value of an annuity section. Keep in mind that an annuity is a series of equal dollar amounts paid or received at evenly spaced time intervals such as your car payment or retirement payments if they are the same amount. If you have differing amounts you will need to calculate the future amount as presented by illustration E-7. Review table 2. Note that the number of payments coincides with the number of periods. So the interest compounds whenever the payment is paid or received. 1. If you invest at the end of each year beginning one year from today the amount of $10,000 for 10 years assuming an 8% rate, how much will it accumulate to?