Question
Find the future value of the following ordinary annuity. Periodic Payment: $1050 Payment Interval: 3months Term: 6 years Interest Rate: 6% Conversion Period: monthly Answer:
Find the future value of the following ordinary annuity.
Periodic Payment: $1050
Payment Interval: 3months
Term: 6 years
Interest Rate: 6%
Conversion Period: monthly
Answer:
The future value is _?$
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
