Use a calculator to evaluate the present value of an annuity formula for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $150; 8%; 25 yr.

P= m[1-(1+r/n)^-nt/r/n]

Use a calculator to evaluate the present value of an annuity formula for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $1,050; 7%; 6 yr

P= m[1-(1+r/n)^-nt/r/n]