Question: Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment = 5,500

Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.)

Annuity Payment = 5,500

Payment Frequency= every 6 months

Time Period (years) =5

Nominal Rate (%) =4

Interest Compounded= Semiannually

Future Value of the Annuity= ??

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