Question 197401
What is the accumulated sum of each of the following streams of payments? 
d. $25 a year for 3 years compounded annually at 2 percent 
This is what I have done: 
25.00 + 25.00(1+.02) + 25.00(1+.02)^2 = 76.51 
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Assume that the 1st $25 is in for 3 years : 25(1.02)^3
Assume that the 2nd $25 is in for 2 years : 25(1.02)^2
Assume that the 3rd $25 is in for 1 year : 25(1.02)
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Is that what you are looking for?
Cheers,
Stan H.