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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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