Question
Find the future value of the following ordinary simple annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $538.00 1 quarter 6.25 years 6%
Find the future value of the following ordinary simple annuity.
| Periodic Payment | Payment Interval | Term | Interest Rate | Conversion Period |
| $538.00 | 1 quarter | 6.25 years | 6% | quarterly |
The future value is $__.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
