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

  1. 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

$1,500

Frequency

every month

Period

2 1/2 years

Rate

6%

of the Annuity

__________

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