What amount invested each year at $7\%$ annually will grow to $$1,200,000$ at the end of $25$

years?

a$.$ $$18,972\mathrm{.}62$

b$.$ $$15,825\mathrm{.}93$

c$.$ $$11,738$

d$.$ $$26,878$

If the payments in #$4$ were made at the beginning of the year, what amount would need

to be invested each year?

a$.$ $$2,107\mathrm{.}13$

b$.$ $$10,769$

c$.$ $$25,119\mathrm{.}51$

d$.$ $$17,731$