Use Table 12-2 to calculate the present value (in %) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Interest Rate (%) Compounded Present Value of the Annuity $900 every month 14 6 monthly $ eriods 1% 8% 1.00000 Period 1.00000 2 1.00000 2.00500 3.01502 4.03010 5.05025 3 2% 3% 1.00000 1.00000 1.00000 2.01500 2.02000 2.03000 3.04522 3.06040 3.09090 4.09090 4.12161 4.18363 5.15227 5.20404 5.30914 2.01000 3.03010 4.06040 5.10101 4% 5% 6% 1.00000 1.00000 1.00000 2.04000 2.05000 2.06000 3.12160 3.15250 3.18360 4.24646 4.31013 4.37462 5.41632 5.52563 5.63709 7% 1.00000 2.07000 3.21490 4.43994 5.75074 2 4 3 2.08000 3.24640 4.50611 5.86660 5 5 6 7 6 8 7 6.07550 6.15202 6.22955 6.30812 6.46841 6.63298 6.80191 6.97532 7.15329 733593 7.10588 7.21354 7.32299 7.43428 7.66246 7.89829 8.14201 8.39384 8.65402 8.92280 8.14141 8.28567 8.43284 8.58297 8.89234 9.21423 9.54911 9.89747 10.25980 10.63663 9.18212 9.36853 9.55933 9.75463 10.15911 10.58280 11.02656 11.49132 11.97799 12.48756 10.22803 10.4622 10.70272 10.94972 11.46388 12.00611 12.57789 13.18079 13.81645 14.48656 9 8 10 9 10 11 12 11 13 11.27917 11.56683 11.86326 12.16872 12.80780 13.48635 14.20679 14.97164 15.78360 16.64549 12.33556 12.68250 13.04121 13.41209 14.19203 15.02581 15.91713 16,86994 17.88845 18.97713 13.39724 13.80933 14.23683 14.68033 15.61779 16,62684 17.71298 18.88214 20.14064 21.49530 14.46423 14.94742 15.45038 15.97394 17.08632 18.29191 19.59863 21.01507 22.55049 24.21492 15.53655 16.09690 16.68214 17.29342 18.59891 20.02359 21.57856 23.27597 25.12902 27.15211 12 14 13 15 14 15 16 17 16 18 16.61423 17.25786 17.93237 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 17.69730 18.43014 19.20136 20.01207 21.76159 23.69751 25.84037 28.21288 30.84022 18.78579 19.61475 20.48938 21.4123123.41444 25.6454128.1323830.90565 33.99903 19.87972 20.81090 21.79672 22.84056 25.11687 27.67123 30.53900 33.75999 37 37896 20.97912 22.01900 23.12367 24.29737 26.87037 29.77808 33.06595 36.78559 40.995-19 17 19 30.32428 33.75023 37.45024 41.44626 15.76196 18 20 19 20 21 22 23 21 24 25 22.08401 23.23919 24.47052 25.7833228.67649 31.96920 35.71925 39.99273 44.86518 23.19.443 24.47159258375 27 2989% 30.5367834.24797 38 50521 4339229 19.00574 55.45676 24 31000 25.71602722514 28 84496 32.45288 36.61789 41.44048 46.99583 5111614 0.90 2543196 26.9746 2863152 0.42136 4.42647 39.07200 14.50200 SONISS 58 17667 66.76476 26.5591228 243203006102 1201030 36.45926 41 64591 47.7271054861516124904 2769191 2952561 31 513971670913551041431174 51.11345 59.15618 ON 0747 288303730208929615 1442 10.70961 47042146691161.70577 29.97452212910 4 4147051211291219.9075840251 24 25 27 28 26 27
