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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 $1,500 | Frequency every month | Period 2 1/2 years | Rate 6% | of the Annuity __________ |
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds
7th Edition
73527122, 978-0073527123
