Question: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $650; 1.95% compounded semiannually for 7 years.
Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $650; 1.95% compounded semiannually for 7 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
