You expect to make equal payments of $7220.00 at the end of each month over the next 9 years (ordinary annuity) into a new bank account earning interest at 10%.

What is the future value of the annuity stream, if the frequency if compunding is 12 tines per year.

Question 9 (1 point) You expect to make equal payments of $ 7220.00 at the end of each month over the next 9 years (ordinary annuity) into a new bank account earning interest at 10 %. What is the future value of the annuity stream, if the frequency of compounding is 12 times per year. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your