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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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