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Use Table 12-1 from Your Text to Calculate the Future

Question 44

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Use Table 12-1 from your text to calculate the future value of the annuity due, rounding to the nearest cent:  Annuity  Payment  Time  Nominal  Interest  Future Value  Payments  Frequency  Period  Rate  Compounded  of the Annuity $2,000 every 6 months 10 years 18% semiannually \begin{array} { l l l l l l } \text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value } \\\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { of the Annuity } \\\hline \$ 2,000 & \text { every } 6 \text { months } & 10 \text { years } & 18 \% & \text { semiannually } &\end{array}

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