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Find the future value of the following ordinary simple annuity. Periodic Payment: $498.00 Payment Interval: 3months Term: 8.25 years Interest Rate: 12% Conversion Period: quarterly
Find the future value of the following ordinary simple annuity.
Periodic Payment: $498.00
Payment Interval: 3months
Term: 8.25 years
Interest Rate: 12%
Conversion Period: quarterly
Answer:
The future value is _?$
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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