Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of annuity expected Payment Time Interest rate Present value (amount needed now to invest to receive annuity) S 900 Annually 4 years 6 % TABLE 13-2 Present value of an annuity of $1 Period 2% 3% 4% 5% 6% 7% 8% 99 10% 11% 12% 13% 1 0.9804 0.9709 0.96 15 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 2 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 2.3612 3 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 3.8077 3.6299 4 3.5459 3.4651 3.3872 3.3121 3.2397 3.1024 3.0373 2.9745 3.7171 4.5797 3.1699 3.7908 5 4.4518 4.3295 5 4.2124 4.1002 3.8897 3.6959 3.6048 3.5172 4.7 134 5.6014 5.4172 5.2421 5.0757 6 4.9173 4.7665 4.4859 4.3553 4.2305 4. 1114 3.9975 3.9927 4.6229 5.2064 5.7466 6.4720 6.2303 7 6.0021 5.7864 5.5824 5.3893 5.0330 4.8684 4.7122 4.5638 4.4226 7.0197 6.7327 7.3255 6.4632 6.2098 5.9713 8 5.5348 5.3349 5.1461 4.9676 4.7988 7.4353 7.1078 8.1622 6.8017 6.5152 6.2469 9 5.9952 5.7590 5.5370 5.3282 7.7861 8.5302 5.1317 5.4262 8.9826 10 8.1109 7.7217 7.3601 7.0236 5.8892 6.7 101 7.1390 6.4177 6.1446 6.8052 6.4951 5.6502 5.9377 9.2526 8.7605 9.7868 8.3064 7.8869 7.4987 6.2065 5.6869 9.9540 9.3851 8.8632 12 8.3838 10.5753 7.1607 7.9427 6.4924 6.1944 5.9176 7.5361 7.9038 6.8137 7.1034 10.6350 9.9856 9.3936 11.3483 13 8.8527 8.3576 7.4869 6.7499 6.4235 6.1218 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 14 12.1062 6.9819 6.6282 6.3025 11.2961 11.9379 10.5631 11.1184 10.3796 9.7122 12.8492 9.1079 8.5595 8.0607 15 7.1909 7.6061 6.8109 6.4624 11.6523 12.5611 10.8378 10.1059 9.4466 8.8514 8.3126 16 13.5777 7.8237 7.3792 6.9740 6.5039 12.1657 13.1661 11.2741 17 14.2918 10.4773 9.7632 8.0216 9.1216 7.5488 7.1196 6.7291 8.5436 8.7556 12.6593 18 11.6896 13.7535 14.9920 10.8276 8.2014 10.0591 9.37 19 7.7016 7.2497 6.8399 6.9380 14.3238 13.1339 12.0853 15.6784 19 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 13.5903 12.4622 20 9.1285 16.3514 10.5940 8.5136 14.8775 9.8181 7.9633 7.0248 11.4699 12.7834 7.4694 7.8431 19.5234 17.4131 15.6221 14.0939 25 11.6536 10.6748 7.3300 9.8226 9.0770 8.4217 22.3964 15.3724 13.7648 30 19.6004 17.2920 12.4090 11.2578 9.4269 8.6938 10.2737 8.0552 7.4957 7.6344 40 19.7928 10.7574 9.7790 8 2438 27.3554 23.1148 17.1591 11.9246 8.9511 15.0463 13 3317 5210 12.2007 7200 AP 19.255 1122225