Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment $7,500 Payment Frequency every 6 months Time Period (years) 5 Nominal Rate (%) 8 Interest Compounded semiannually Future Value of the Annuity $

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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
Time
Period (years)
$7,500
every 6 months
5
Nominal
Rate (%)
8
Interest
Compounded
semiannually
Future Value
of the Annuity
tA
Transcribed Image Text: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) $7,500 every 6 months 5 Nominal Rate (%) 8 Interest Compounded semiannually Future Value of the Annuity tA
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