Find the present value of the following deferred annuity due

Periodic

Payment

$600

Made

At:

beginning

Payment

Period

6 months

Period of

Deferment

10 years

Term

5 years

Interest

Rate

5%

Conversion

Period annually

Find the present value of the following deferred annuity due. The present value of the deferred annuity due is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decin