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

question 100

Short Answer

Use Table 12-1 from your text to calculate the future value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l } \text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value } \\\text { Payments } & \text { Frequency } & \text { Period } & \text { Rate } & \text { Compounded } & \text { of the Annuity } \\\hline \$ 25 & \text { every month } & 2 \frac { 1 } { 2 } \text { yrs } & 12 \% & \text { monthly } &\end{array}$$

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Definitions:

Analysis Of Variance

Analysis of Variance (ANOVA) is a statistical method used to compare the means of three or more samples to discern if at least one of the means is significantly different from the others.

Friedman Test

Used for spotting differences in treatments over multiple test trials, this test does not depend on parametric assumptions.

Friedman Test

A technique that employs non-parametric statistical methods to discover differential treatment effects over several testing instances.

Matched Pairs Experiment

A study design where subjects are paired based on certain criteria, and each pair is treated differently to observe the effects of the treatment.