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

question 103

Short Answer

Use Table 12-1 from your text to calculate the future value of the ordinary annuity, rounding to the nearest cent: $$\begin{array} { l l l l l l } \text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value of } \\\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { the Annuity } \\\$ 6,000 & \text { every year } & 12 \text { years } & 10 \% & \text { annually } &\end{array}$$

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Definitions:

GRT Instruction

An instruction in programming languages, such as ladder logic for PLCs, that stands for "greater than" when comparing two values.

Dest

Short for "destination," often used in programming or networking to refer to the target location for data storage or transmission.

Math Instruction

A command or operation in computer programming and digital logic that performs mathematical calculations.