Use Table 12-1 in your text to calculate the future value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l }
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value } \
\text { Payments } & \text { Frequency } & \underline { \text { Period } } & \text { Rate } & \text { Compounded } & \text { of the Annuity } \
\hline \$ 40 & \text { every month } & 2 \frac { 3 } { 4 } \text { yrs } & 12 \% & \text { monthly } &
\end{array}$$

Question

Use Table 12-1 in your text to calculate the future value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value } \
\text { Payments } & \text { Frequency } & \underline { \text { Period } } & \text { Rate } & \text { Compounded } & \text { of the Annuity } \
\hline \$ 40 & \text { every month } & 2 \frac { 3 } { 4 } \text { yrs } & 12 \% & \text { monthly } &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Use Table 12-1 in your text to calculate the future value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value } \
\text { Payments } & \text { Frequency } & \underline { \text { Period } } & \text { Rate } & \text { Compounded } & \text { of the Annuity } \
\hline \$ 40 & \text { every month } & 2 \frac { 3 } { 4 } \text { yrs } & 12 \% & \text { monthly } &
\end{array}$$

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