Question: 1. John Crampton put $1,200 in an ordinary annuity account every quarter of the accumulation phase for five years at a 2% annual rate compounded quarterly. What is the future value of the annuity?
2. Tiffany Evans created an ordinary annuity with $2,500 payments made semiannually at 6% annually. Find her annuity value at the end of six years.