20. Migrel Soto made deposits of $600 at the end of each year for 5 years. Interest is 8% compounded annually.

• 20. Migrel Soto made deposits of $600 at the end of each year for 5 years. Interest is 8% compounded annually. What is the value of Soto’s annuity at the end of 5 years? 21. Alice Longtree has decided to invest $400 quarterly for 4 years in an ordinary annuity at 8%. As her financial advisor, calculate for Alice the total cash value of the annuity at the end of year 4. 22. Twice a year for 6 years, Kelly Loyle invested $900 compounded semiannually at 10% interest. What is the value of this annuity due? 23. Judy Wood invested $800 semiannually for 7 years at 8% interest compounded semiannually. What is the value of this annuity due?

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