Question: Use Table 1 2 - 2 to calculate the present value ( in $ ) of the annuity due. ( Round your answer to the

Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.)
Annuity
Payment Payment
Frequency Time
Period (years) Nominal
Rate (%) Interest
Compounded Present Value
of the Annuity (in $)
$1,600 every year 1011 annually $

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