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2. [-/1.05 Points] DETAILS MY NOTES SMITHNM13 11.6.005. Use a calculator to evaluate the present value of an annuity formula 1 - (1 +

2. [-/1.05 Points] DETAILS MY NOTES SMITHNM13 11.6.005. Use a calculator to evaluate the present value of an annuity formula 1 - (1 + 1) m ] P=m n for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) 1342 $50; 4%; 7 yr $ Need Help? Read It Submit Answer

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