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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

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 Rate (%) Interest Compounded Present Value of the Annuity (in $)
$1,200 every year 10 9 annually $

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