Find the future value for the ordinary annuity with the given payment and interest rate.   PMTequals=​$750; 1.10​% compounded semiannually for 7 years. The future value of the ordinary annuity is   ​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Find the future value for the ordinary annuity with the given payment and interest rate.
 
PMTequals=​$750; 1.10​%
compounded semiannually for
7
years.
The future value of the ordinary annuity is
 
​(Do not round until the final answer. Then round to the nearest cent as​ needed.)
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