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Calculate the future value of the following ordinary simple annuities. Round the answers to the nearest cent Term of Interest Periodic Payment Period Compounding Frequency Payment Annuity Rate 1. $1,725 Every 3 7 years 4.50% Quarterly months 2. $2,300 6 years 1.75% Monthly Every month 3. $3,075 5 years 5.25% Every 6 months Semi-annually Every year 8 years 5.50% Annually 4. $2,225 Future Value $0.00 $0.00 $0.00 $0.00

Calculate the future value of the following ordinary simple annuities. Round the answers to the nearest cent Term of Interest Periodic Payment Period Compounding Frequency Payment Annuity Rate 1. $1,725 Every 3 7 years 4.50% Quarterly months 2. $2,300 6 years 1.75% Monthly Every month 3. $3,075 5 years 5.25% Every 6 months Semi-annually Every year 8 years 5.50% Annually 4. $2,225 Future Value $0.00 $0.00 $0.00 $0.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Calculate the future value of the following ordinary simple annuities. Round the answers to the nearest cent Periodic Payment Period Term of Interest Compounding Rate Payment Annuity Frequency 1. $1,725 Every 3 7 years 4.50% Quarterly months 2. $2,300 6 years 1.75% Monthly Every month 3. $3,075 5 years 5.25% Semi-annually Every 6 months 4. $2,225 Every year 8 years 5.50% Annually Future Value $0.00 $0.00 $0.00 $0.00
Transcribed Image Text:Calculate the future value of the following ordinary simple annuities. Round the answers to the nearest cent Periodic Payment Period Term of Interest Compounding Rate Payment Annuity Frequency 1. $1,725 Every 3 7 years 4.50% Quarterly months 2. $2,300 6 years 1.75% Monthly Every month 3. $3,075 5 years 5.25% Semi-annually Every 6 months 4. $2,225 Every year 8 years 5.50% Annually Future Value $0.00 $0.00 $0.00 $0.00
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