Use Table 12-1 from your text to calculate the future value of the ordinary annuity, rounding to the nearest cent: $$\begin{array} { l l l l l l }
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value of } \
\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { the Annuity } \
\$ 1,500 & \text { every } 3 \text { months } & 2 \text { years } & 12 \% & \text { quarterly } &
\end{array}$$

Question

Use Table 12-1 from your text to calculate the future value of the ordinary annuity, rounding to the nearest cent: $$\begin{array} { l l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value of } \
\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { the Annuity } \
\$ 1,500 & \text { every } 3 \text { months } & 2 \text { years } & 12 \% & \text { quarterly } &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Use Table 12-1 from your text to calculate the future value of the ordinary annuity, rounding to the nearest cent: $$\begin{array} { l l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value of } \
\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { the Annuity } \
\$ 1,500 & \text { every } 3 \text { months } & 2 \text { years } & 12 \% & \text { quarterly } &
\end{array}$$

Use Table 12-1 from Your Text to Calculate the Future