Find the future value of the following ordinary annuity. periodic payment $133.00 Payment Interval 1 month Term 4 years Interest Rate 10% Conversion Period semi-annually

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Find the future value of the following ordinary annuity.
periodic
payment
$133.00
Payment
Interval
1 month
Term
4 years
Interest Rate
10%
Conversion
Period
semi-annually
The future value is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
as needed.)
Transcribed Image Text:Find the future value of the following ordinary annuity. periodic payment $133.00 Payment Interval 1 month Term 4 years Interest Rate 10% Conversion Period semi-annually The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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