How much interest is included in the future value of an ordinary simple annuity of $1,700 paid every six months at 12% compounded semi-annually if the term of the annuity is 5.5 years? The interest is...


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How much interest is included in the future value of an ordinary simple annuity of $1,700 paid every six months at 12% compounded semi-annually if the term of the annuity is 5.5 years?<br>The interest is $<br>(Round the final answer to the nearest cent as needed, Round all intermediate values to six decimal places as needed, )<br>

Extracted text: How much interest is included in the future value of an ordinary simple annuity of $1,700 paid every six months at 12% compounded semi-annually if the term of the annuity is 5.5 years? The interest is $ (Round the final answer to the nearest cent as needed, Round all intermediate values to six decimal places as needed, )

Jun 06, 2022
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