Question: PLEASE SOLVE WITHOUT USING EXCEL Suppose you are going to receive $12,800 per year for six years. The appropriate interest rate is 7.7 percent. Suppose

PLEASE SOLVE WITHOUT USING EXCEL

Suppose you are going to receive $12,800 per year for six years. The appropriate interest rate is 7.7 percent.

Suppose you plan to invest the payments for six years. What is the future value if the payments are an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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