Use Table $12-1$ to calculate the future value $($in $$)$ of the ordinary annuity. $($Round your answer to the nearest cent.$)$

Annuity

Payment Payment

Frequency Time

Period $($years$)$ Nominal

Rate $(\%)$ Interest

Compounded Future Value

of the Annuity

$$7,500$ every $6$ months $56$ semiannually $