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Use Table 12-2 to calculate the present value in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency

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Use Table 12-2 to calculate the present value in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Interest Rate () Compounded Present Value of the Annuity $3,000 $ every year 20 6 annually

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