Question
Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. Annuity Payment Time Nominal Present
Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent.
| Annuity | Payment | Time | Nominal | Present Value |
| Payments | Frequency | Period | Rate | of the Annuity |
| $2,000 | every 6 months | 10 years | 16% | __________ |
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
