X Module 5 Annui... Date: ........ Name: ............. (First) (Last) MAP4C1 MODULE 5 Annuities & Mortgages Make-up TEST Categories /10 T/1: /12 A: /12 SECTION B: COMMUNICATION (............/10 POINTS) 1. Kevin invested $425 at the end of each month into a fund that pays 4.2 % per year, compounded monthly. ) Use a timeline to determine the future value of the annuity after six months. (6 points) Now 1 2 2nd 3 rd 4th 5th 6th Payment Payment Payment Payment Payment Payment Total Future Value b) How much amount will Kevin have in 4 years if the annual interest rate remains the same. Use formula and show all your work. (3 points) c) How much interest will Kevin earn in 4 years? (1 point)