Cengage WebAssi... New Tab Math Quiz | Online. 1. [-/1 Points] DETAILS SMITHNM13 11.6.005. 2 Use a calculator to evaluate the present value of an annuity formula -nt P = m 1 - 1 +- ) for the values of the variables m, r, and t ( respectively). Assume n = 12. (Round your answer to the nearest cent.) $50; 4%; 5 yr Need Help? Read It Submit Answer 2. [-/1 Points] DETAILS SMITHNM13 11.6.013. MY Use a calculator to evaluate the amortization formula m : 1 - ( 1 + = ) - for the values of the variables P, r, and t ( respectively). Assume n = 12. (Round your answer to the nearest cent.) $14,000; 9%; 7 yr Need Help? Read It Submit