Question: Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded

Solve by using formulas. (Round your answer to the nearest cent.)

Ordinary Annuity
Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value of the Annuity (in $)
$8,000 every 6 months 9 9.0 semiannually $

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