Find the future values of the following ordinary annuities: FV of $500 paid each 6 months for
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Question:
Find the future values of the following ordinary annuities:
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FV of $500 paid each 6 months for 5 years at a nominal rate of 14% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $
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FV of $250 paid each 3 months for 5 years at a nominal rate of 14% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $
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