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eBook Find the future values of the following ordinary annuities: a . FV of $ 5 0 0 paid each 6 months for 5 years
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Find the future values of the following ordinary annuities:
a FV of $ paid each months for years at a nominal rate of compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.
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b FV of $ paid each months for years at a nominal rate of compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.
$ c These annuities receive the same amount of cash during the year period and earn interest at the same nominal rate, yet the annuity in part b ends up larg
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