Use Table 12-2 to calculate the present value (in \$) of the annuity due. (Round your answer to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{c} Annuity \\ Payment \end{tabular} & \begin{tabular}{c} Payment \\ Frequency \end{tabular} & \begin{tabular}{c} Time \\ Period (years) \end{tabular} & \begin{tabular}{c} Nominal \\ Rate (\%) \end{tabular} & \begin{tabular}{c} Interest \\ Compounded \end{tabular} & \begin{tabular}{c} Present Value \\ of the Annuity (in \$) \end{tabular} \\ \hline$1,200 & every year & 10 & 11 & annually & $ \\ \hline \end{tabular}