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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
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 |
|---|---|---|---|---|---|
| $6,500 | every 6 months | 5 | 8 | semiannually
|
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