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