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Homework #2D (FV and PV of Ordinary Annuity Annually)What is the accumulated sum of the following stream of payments? $2,548 every year at the end of the year for 5 years at 9.94 percent, compounded annually.

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Homework #2D (FV and PV of Ordinary Annuity Annually)<br/>What is

the accumulated sum of the following stream of payments?
$2,548 every year at the end of the year for 5 years at 9.94 percent, compounded annually.
Round the answer to two decimal places. Please show work to understand the formula. Thank you.

 
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