You expect to make equal payments of 2530 at the end of each semi-annual periof over the next 3 years ( ordinary annuity) into a new bank account earning interest at 11%.

What is the future value of the annuity strean uf the frequency is compounding is 2 times per year?

Question 9 (1 point) You expect to make equal payments of $ 2530.00 at the end of each semi-annual period over the next 3 years (ordinary annuity) into a new bank account earning interest at 11%. What is the future value of the annuity stream, if the frequency of compounding is 2 times per year? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: 3