Find the present value of the following ordinary annuity Periodic Payment Payment Interval Term Interest Rate Conversion Period $2400 1 year 5 years 99 semi annually The present value is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed ) Enter your answer in the answer box

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Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $2400 1 year 5 years 99% semi-annually

Find the present value of the following ordinary annuity.

Periodic Payment	Payment Interval	Term	Interest Rate	Conversion Period
$2400	1 year	5 years	99%	semi-annually

The present value is

$-------

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Enter your answer in the answer box.

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