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 Interest Rate (%) Compounded Future Value of the Annuity $6,500 every 6 months 5 4 semiannually $ 1% 7% Periods 1 2 3 1.00000 2.00500 3.01502 4.03010 5,05025 1.00000 2.01000 3,03010 4.06040 5.10101 1% 2% 3% 1.00000 1.00000 1.00000 2.01500 2.02000 2.03000 3.04522 3.06040 3.09090 4.09090 4.12161 4.18363 5.15227 5.20404 5.30914 4% 5% 1.00000 1.00000 2.04000 2.05000 3.12160 3.15250 4.24646 4.31013 5,41632 5.52563 6% 1.00000 2.06000 3.18360 4.37462 5.63709 1.00000 2.07000 3.21490 4.43994 5.75074 8% 1.00000 2.08000 3.24640 4.50611 5.86660 Periods 1 2 3 4 4 5 5 6 7 6 7 8 9 10 6.07550 6.15202 6.22955 6.30812 6.46841 6.63298 6.80191 6.97532 7.10588 7.21354 7.32299 7.43428 7.66246 7.89829 8.14201 8.39384 8.14141 8.28567 8.43284 8.58297 8.89234 9.21423 9.54911 9.89747 9.18212 9.36853 9.55933 9.75463 10.15911 10.58280 11.02656 11.49132 10.22803 10.46221 10.70272 10.94972 11.46388 12.00611 12.57789 13.18079 7.15329 8.65402 10.25980 11.97799 13.81645 7.33593 8.92280 10.63663 12.48756 14.48656 8 9 10 11 12 13 11.27917 11.56683 11.86326 12.16872 12.80780 13.48635 14.20679 14.97164 15.78360 16.64549 12.33556 12.68250 13.04121 13.41209 14.19203 15.02581 15.91713 16.86994 17.88845 18.97713 13.39724 13.80933 14.23683 14.68033 15.61779 16.62684 17.71298 18.88214 20.14064 21.49530 14.46423 14.94742 15.45038 15.97394 17.08632 18.29191 19.59863 21.01507 22.55049 24.21492 15.53655 16.09690 16.68214 17.29342 18.59891 20.02359 21.57856 23.27597 25.12902 27.15211 11 12 13 14 15 14 15 16 16 17 18 19 20 16.61423 17.25786 17.93237 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 17.69730 18.43044 19.20136 20.01207 21.76159 23.69751 25.84037 28.21288 30.84022 18.78579 19.61475 20.48938 21.41231 23.41444 25.64541 28.13238 30.90565 33.99903 19.87972 20.81090 21.79672 22.84056 25.11687 27.67123 30.53900 33.75999 37.37896 20.97912 22.01900 23.12367 24.29737 26.87037 29.77808 33.06595 36.7855940.99549 30.32428 33.75023 37.45024 41.44626 45.76196 17 18 19 20 21 22 23 22.08401 23.23919 24.47052 25.78332 28.67649 31.96920 35.71925 39.9927344.86518 50.42292 23.19443 24.47159 25.83758 27.29898 30.53678 34.24797 38.50521 43.39229 49.00574 55.45676 24.31040 25.71630 27.22514 28.84496 32.45288 36.61789 41.43048 46.99583 53.43614 60.89330 25.43196 26.97346 28.63352 30.42186 34.42647 39.08260 44.50200 50.81558 58.17667 66.76476 26.55912 28.24320 30.06302 32.03030 36.45926 41.64591 47.72710 54.86451 63.24904 73.10594 21 22 23 24 25 24 25 26 27 27.69191 29.52563 31.51397 33.67091 38.55304 44.31174 51.11345 59.15638 68.67647 79.95442 28.83037 30.82089 32.98668 35.34432 40.70963 47.08421 54.66913 63.70577 74.48382 87.35077 29.97452 32.12910 34.48148 37.05121 42.93092 49.96758 58.40258 68.52811 80.69769 95.33883 31.12439 33.45039 35.99870 38.79223 45.21885 52.96629 62.32271 73.63980 87.34653 103.96594 32.28002 34.78489 37.53868 40.56808 47.57542 56,08494 66.43885 79.0581994.46079 113.28321 28 26 27 28 29 30 EWS & EN 29 30 31 32 33 34 35 36 33.44142 36.13274 39.10176 42.37944 50.00268 59.32834 70.76079 84.80168 102.07304 123.34587 34.60862 37.49407 40.6882944.22703 52.50276 62.70147 75.29883 90.88978 110.21815 134.21354 35.78167 38.86901 42.29861 46.1 1157 55.07784 66.20953 80.06377 97.34316 118.93343 145.95062 36.96058 40.25770 43.93309 48.03380 57.73018 69.85791 85.06696 104.18375 128.25876 158.62667 38.14538 41.66028 45.59209 49.99148 60.46208 73.65222 90.32031 111.43478 138.23688 172.31680 39.33610 43.07688 47.27597 51.99437 63.27594 77.59831 95.83632 119.12087 148.91346 187.10215 31 32 33 34 35 36
