Find the present value of the following ordinary annuity Periodic Payment Payment Interval Term Interest Rate Conversion Period $2500 6 months 7 years 10 quarterly The present value is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed )

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Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $2500 6 months 7 years 10% quarterly

Find the present value of the following ordinary annuity.

Periodic Payment	Payment Interval	Term	Interest Rate	Conversion Period
$2500	6 months	7 years	10%	quarterly

The present value is $_______.

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

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