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Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities: FV of $200 paid each 6 months
Future Value of an Annuity for Various Compounding Periods
Find the future values of the following ordinary annuities:
- FV of $200 paid each 6 months for 9 years at a nominal rate of 12%, compounded semiannually. Round your answer to the nearest cent. $
- FV of $100 paid each 3 months for 9 years at a nominal rate of 12%, compounded quarterly. Round your answer to the nearest cent. $
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
