Question
Find the future values of the following ordinary annuities. FV of $400 each 6 months for 8 years at a nominal rate of 12%, compounded
Find the future values of the following ordinary annuities.
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FV of $400 each 6 months for 8 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.
$ ______
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FV of $200 each 3 months for 8 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.
$ _____
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Handbook Of Research In Education Finance And Policy
Authors: Helen F. Ladd, Margaret E. Goertz
2nd Edition
0415838010, 978-0415838016
