Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of Frequency of each period payment Length of time Interest rate PV of Annuity $ 1,310 Annually 9 years 7 % TABLE 13-2 Present value of an annuity of $1 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% Period 1 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8850 0.9804 1.9416 1.9135 1.8594 1.7833 1.7591 1.7355 1.6901 2 3 1.8334 2.6730 1.8861 2.7751 3.6299 1.8080 2.6243 1.6681 2.3612 2.8839 2.7232 2.5771 2.5313 2.4869 2.8286 3.7171 2.4018 0.9009 1.7125 2.4437 3.1024 3.6959 4.2305 4 3.8077 3.5459 3.3872 3.3121 3.2397 3.1699 3.0373 2.97 45 3.4651 4.2124 5 4.7 134 4.3295 4.1002 3.9927 4.5797 5.4172 4.4518 5.2421 3.8897 4.4859 3.7908 4.3553 3.6048 4.1114 3.5172 3.9975 6 5.6014 5.0757 4.9173 4.7665 4.6229 7 6.4720 6.0021 5.7864 5.5824 5.2064 5.0330 4.8684 4.5638 4.4226 6.2303 7.0197 5.3893 5.97 13 4.7122 5.1461 8 7.3255 6.7327 6.4632 6.2098 5.7466 5.5348 5.3349 4.9676 4.7988 9 7.1078 6.2469 5.5370 8.1622 8.9826 7.7861 8.5302 7.4353 8.1109 6.8017 7.3601 6.5152 7.0236 5.7590 6.1446 5.9952 6.4177 6.8052 5.3282 5.6502 5.1317 5.4262 10 7.7217 5.8892 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 6.4951 6.2065 5.9377 6.7101 7.1390 7.5361 7.9038 5.6869 5.9176 12 8.8632 6.8137 6.4924 10.5753 11.3483 9.9540 10.6350 9.3851 9.9856 8.3838 8.8527 7.9427 8.3576 7.1607 7.4869 6.1944 6.4235 13 9.3936 7.1034 6.1218 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.6282 6.3025 6.7499 6.9819 7.1909 7.3792 15 8.5595 7.6061 6.8109 6,4624 12.8492 13.5777 11.9379 12.5611 11.1184 11.6523 10.3796 10.8378 9.7 122 10.1059 9.1079 9.4466 8.0607 8.3126 16 8.8514 7.8237 6.9740 6.6039 17 13.1661 12.1657 10.4773 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 6.7291 14.2918 14.9920 11.2741 11.6896 18 13.7535 12.6593 10.8276 10.0591 9.3719 8.7556 8.2014 7.7016 7.2497 6.8399 19 15,6784 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 6.9380 7.0248 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 7.4694 8.5136 9.0770 7.9633 8.4217 25 19.5234 17.4131 15.6221 14.0939 12.7834 10.6748 9.8226 7.8431 11.6536 12.4090 7.3300 7.4957 30 22.3964 19.6004 15.3724 11.2578 8.6938 8.0552 17.2920 19.7928 13.7648 15.0463 10.2737 10.7574 9.4269 9.7790 40 27.3554 23.1148 13.3317 11.9246 8.2438 7.6344 17.1591 18.2559 8.9511 9.0417 50 31.4236 25.7298 21.4822 15.7619 13.8007 12.2335 10.9617 9.9148 8.3045 7.6752