Question: Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. Annuity Payment Time Nominal Present

Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent.

Annuity

Payment

Time

Nominal

Present Value

Payments

Frequency

Period

Rate

of the Annuity

$600

every month

3 years

18%

__________

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