Question: Use the simple interest formula method to find the future value and interest earned on the following ordinary annuity investment: Deposits of $650 made quarterly

Use the simple interest formula method to find the future value and interest earned on the following ordinary annuity investment: Deposits of $650 made quarterly in an account earning 2.6% interest compounded quarterly for one year. a) What is the periodic interest rate? (Write as a decimal rounded to 5 places as needed). R= b) Calculate the value of the ordinary annuity at the end of each period. Round each answer to the nearest cent. c) Complete the following. Round answers to the nearest cent. Future annuity value is $ The total deposits made into the annuity is $ The total interest earned is $

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