Question: 1. Future value of an annuity Using the values below, answer the questions that follow. Amount of annuity Interest rate Deposit period (years) $10,000 4%

1. Future value of an annuity Using the values below, answer the questions that follow.

Amount of annuity

Interest rate

Deposit period (years)

$10,000

4%

12

Calculate the future value of the annuity, assuming that it is

  1. 1.An ordinary annuity.

(1) What is the future value of the ordinary annuity?

$ (Round to the nearest cent.)

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