Find the future value of an ordinary annuity of $5,000 semiannually for seven years at 6% annual interest compounded semiannually. How much was invested? Howmuch interest was earned? Use the table below.E Click the icon to view the Future Value of $1.00 Ordinary Annuity table.The future value is $ (Round to the nearest cent as needed.) Rate per period3.00% 3.50% 4.00%1.0002.0353.106Periods 0.25% 0.50% 0.75% 1.00% 1.50% 2.00% 2.50%1.00012.0021.0001.0001.0001.0002.0203.0604.1225.2046.3087.4348.5839.75510.113 10.228 10.344 10.462 10.703 10.950 11.203 11.464 11.731 12.00611.139 11.279 11.422 11.567 11.863 12.169 12.483 12.808 13.142 13.48612.166 12.336 12.508 12.683 13.041 13.412 13.796 14.192 14.602 15.02613.197 13.397 13.601 13.809 14.237 14.680 | 15.140 15.618 16.113 16.62714.230 14.464 14.703 14.947 15.450 15.974 16.519 17.086 17.677 18.2921.0001.0001.0002.0053.0151.0002.0253.0762.010| 2.0153.0304.0605.1016.1527.2148.2869.3692.0083.0232.0302.0403.0083.0453.0913.12244.0154.0304.0454.0914.1535.2564.1844.2154.2465.3095.3626.557.7799.0529.955 10.159 10.368 10.5835.0255.0506.0767.1068.1419.1825.0765.1525.4166.6.0386.1146.2306.3886.4687.6628.8926.6337.5477.89877.0538.07089.0917.1598.2139.2757.3238.4338.7369.2149.55910111213141515.265 15.537 15.814 16.097 16.682 17.293 17.932 18.599 19.296 20.024

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Find the future value of an ordinary annuity of $5,000 semiannually for seven years at 6% annual interest compounded semiannually. How much was invested? How much interest was earned? Use the table below. E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is s (Round to the nearest cent as needed.)

Find the future value of an ordinary annuity of $5,000 semiannually for seven years at 6% annual interest compounded semiannually. How much was invested? How much interest was earned? Use the table below. E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is s (Round to the nearest cent as needed.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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