1. An ordinary annuity of $650 per period, discounted at a rate of six percent per period for four periods, has a present value of $2,252. If the same annuity was an annuity due, what would its present value be? (Round your answer to the nearest dollar.)
A. $2,902
B. $2,252
C. $2,767
D. 2,387
2. What's the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Rount your answer to the nearestt dollan.)
A. $15,320
B. $15,943
C. $15,746
D. $15,500