Question: Use Table 14 - 1 to complete the following table. Annual rate 3% 8% 6% 5% Annual interest Annuity payment L 51,400 2 $2,900 a

Use Table 14 - 1 to complete the following table.

Annual rate 3% 8% 6% 5% Annual interest Annuity payment L 51,400 2 $2,900 a $1.250 4 $800 Years 5 10 11 15 Type of annuity Future value of annuity Total interest Compounded annually Compounded quarterly Compounded semiannually Compounded annually Ordinary Ordinary Annuity due Annuity due

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