Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Nominal Interest Future Value Period (years) Rate (%) | Compounded of the Annuity $6,500 every 6 months 5 4 semiannually

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
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Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.)
Nominal
Annuity
Payment
Time
Future Value
Payment
Frequency
Interest
Period (years)
Rate (%) Compounded
of the Annuity
$6,500
every 6 months
4
semiannually
$
Transcribed Image Text:Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Nominal Annuity Payment Time Future Value Payment Frequency Interest Period (years) Rate (%) Compounded of the Annuity $6,500 every 6 months 4 semiannually $
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