Question: Drill Problem 2 0 - 2 [ LU 2 0 - 1 ( 2 ) ] Complete the ordinary annuity. ( Do not round intermediate

Drill Problem 20-2[LU 20-1(2)] Complete the ordinary annuity. (Do not round intermediate calculations. Round your final answer to the nearest cent.) Amount of payment $ 12,200 Payment payable Semiannually Years 7 Interest rate 8% Value of annuity Complete the ordinary annuity. (Do not round intermediate calculations. Round your final answer to the nearest cent.)

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