Find the future value of the following ordinary annuity. Periodic Payment Interest Rate Payment Interval Conversion Period Term $155.00 3 months 10 years 9% annually The future value is S[ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 7P: Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1....
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Find the future value of the following ordinary annuity.
Periodic
Payment
$155.00
Payment
Interval
3 months
Term
Interest Rate
Conversion
Period
10 years
9%
annually
The future value is s
(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 $155.00 Payment Interval 3 months Term Interest Rate Conversion Period 10 years 9% annually The future value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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