Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities FV of $800 each 6 months for 6 years at a nominal rate of 16 , compounded semiannually Do not round intermediate calculations Round your answer to the nearest cent FV of $400 each 3...

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Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary

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Future Value of an Annuity for Various Compounding Periods

Find the future values of the following ordinary annuities.

FV of $800 each 6 months for 6 years at a nominal rate of 16%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.
FV of $400 each 3 months for 6 years at a nominal rate of 16%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

Posted Date: May 19, 2024 05:14 PM

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Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary

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