Use a calculator to evaluate the present value of an annuity formula - 1 + p-ml for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $50; 4%; 5 yr Need Help? Read It [-/1.05 Points) DETAILS SMITHNM13 11.6.006. Use a calculator to evaluate the present value of an annuity formula P=m 4-6823 for the values of the variables m, n, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $50; 7%; 5 yr