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Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency
Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.)
| Annuity Payment | Payment Frequency | Time Period (years) | Nominal Rate (%) | Interest Compounded | Future Value of the Annuity | ||
|---|---|---|---|---|---|---|---|
| $40 | every month | 1
| 6 | monthly | $ |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J Hughes
9th Edition
0073382329, 9780073382326
