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

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 5 5.9 annually

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