$4$

points awarded

$01$:$19$:$45$

Calculate the future value of an ordinary annuity consisting of monthly payments of $$370$ for five years. The rate of return was $11\mathrm{.}1\%$

compounded monthly for the first two years, and will be $9\mathrm{.}6\%$ compounded monthly for the last three years. $($Do not round

intermediate calculations and round your final answer to $2$ decimal places.$)$

Future value