Question: Solve by using formulas. ( Round your answer to the nearest cent. ) Present value ( in $ ) of an annuity due Annuity Payment

Solve by using formulas. (Round your answer to the nearest cent.)
Present value (in $) of an annuity due
Annuity
Payment Payment
Frequency Time
Period (years) Nominal
Rate (%) Interest
Compounded Present Value
of the Annuity
$1,400 every year 55.7 annually $

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