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Reminder: The compounding periods and the deposit periods are the same for an ordinary annuity....

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Finance

Reminder: The compounding periods and the deposit periods are the same for an ordinary annuity. $1600 is deposited into an account at the end of each year for 4 years. The money earns 7% compounded annually. Determine the value of each deposit at the end of 4 years and the total in this account at that time. (See Example 1.) (Round your final answers to two decimal places.)

deposit 1 $
deposit 2 $
deposit 3 $
deposit 4 $
account total $

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