calculate the future value of an ordinary annuity consisting of monthly payments of $290 for five years. The rate of return was 9.4% compounded monthly for the first two years, and will be 7.5% compounded monthly for the last three years.

5. value: 10.00 points Calculate the future value of an ordinary annuity consisting of monthly payments of $290 for five years. The rate of return was 9.4% compounded monthly for the first two years, and will be 7.5% compounded monthly for the last three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $