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 Period (years) Nominal Rate (%) Interest Compounded Future Value of the Annuity $6,500 every 6 months 5 4 semiannually

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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.)

Annuity
Payment
Payment
Frequency
Time
Period (years)
Nominal
Rate (%)
Interest
Compounded
Future Value
of the Annuity
$6,500 every 6 months 5 4 semiannually  
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