Complete the following for the present value of an ordinary annuity. (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) $ 15,200 Quarterly 6 years 12 % 62,493.39 At the beginning of each period for 12 years, Merl Agnes invests $520 semiannually at 6%. What is the cash value of this annuity due at the end of year 12? (Do not round intermediate calculations. Round your answer to the nearest cent.) Future value $ 17,901.76 Calculate the value of the annuity due. (Do not round intermediate calculations. Round your answer to the nearest cent.) Years Amount of payment $ 3,800 Payment payable Annually Interest Value of annuity rate due 6 % $ 12,097.68 3