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) 9 $ 900 Annually 4 years 6 6 % s TABLE 13-2 Present value of an annuity of $1 Period 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 2 1.8861 1.8594 1.8334 1.8080 1.7355 1.7125 1.6901 1.6681 1.9416 28839 1.9135 2.8286 1.7591 2.5313 3 2.7751 2.7232 2.6730 26243 2.4869 2.4437 2.4018 2.36 12 1.7833 2.5771 3.3121 3.9927 4 3.8077 3.7171 3.6299 3.5459 3.4651 3.0373 3.3872 4.1002 32397 3.8897 3.1699 3.7908 3.1024 3.6959 2.97 45 3.5172 5 47134 45797 4.3295 42124 3.6048 4.4518 5.2421 5.6014 5.4172 5.0757 6 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 5.7864 5.5824 5.3893 5.2064 5.0330 7 4.8684 4.7122 4.5638 4,4226 6.4720 7.3255 6.2303 7.0197 6.0021 6.7327 6.4632 5.9713 8 5.7466 5.5348 5.1461 5.3349 4.9676 4.7988 6.2098 6.8017 7.7861 7.4353 7.1078 5.9952 9 5.7590 5.5370 5.1317 6.5152 7.0236 6.2469 6.7101 5.3282 5.6502 8.1622 89826 9.7868 8.5302 8.1109 10 7.7217 7.3601 6.4 177 6.1446 5.8892 5.4262 5.6869 8.7605 9.2526 11 8.3064 7.8869 7.4987 7.1390 5.9377 6.2065 12 9.9540 10.5753 9.3851 8.8632 8.3838 6.8052 6.4951 7.1607 6.8137 7.4869 7.1034 7.9427 7.5361 7.9038 6.4924 6.7499 6.1944 6.4235 5.9176 6.1218 13 10.6350 9.9856 9.3936 8.8527 8.3576 11.3483 121062 9.2950 9.8986 8.7455 8.2442 6.6282 6.9819 6.3025 10.5631 11.1184 11.6523 9.1079 11.2961 11.9379 12.5611 15 12.8492 7.1909 8.5595 7.7862 8.0607 8.3126 7.3667 7.6061 7.8237 68109 6.4624 10.3796 10.8378 7.3792 9.4466 8.8514 6.9740 13.5777 16 6.6039 6.7291 17 14.2918 7.1196 13.1661 12.1657 11.2741 9.7122 10.1059 10.4773 10.8276 11.1581 9.7632 8.5436 9.1216 8.0216 8.2014 7.5488 7.7016 7.2497 6.8399 18 14.9920 13.7535 12.6593 8.7556 11.6896 9.3719 10.0591 10.3356 8.3649 7.8393 6.9380 19 15.6784 14.3238 8.9501 13.1339 9.6036 12.0853 7.9633 8 5136 7.3658 7.4694 7.8431 7.0248 20 14.8775 11.4699 13.5903 15.6221 12.4622 14.0939 10.5940 11.6536 9.1285 9.8226 9.0770 8.4217 7.3300 25 9.8181 10.6748 11.2578 12.7834 8.6938 8.0552 7.4957 10.2737 16.3514 19.5234 22.3964 27.3554 31.4236 17.4131 19.6004 23.1148 30 17.2920 12.4090 7.6944 15,3724 17.1591 18.2559 13.7648 15.0463 15.7619 8.9511 11.9246 19.7928 9.4269 9.7790 9.9148 40 10.7574 13.3317 13.8007 8.2438 8.3045 9,0417 7.6752 10.9617 12.2335 50 25.7298 21.4822