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 $900 every month 2 1 4 6 monthly $ Use Table 12 2 to find how much should be deposited now at 6 interest, compounded monthly, to yield an annuity payment of $500 at the beginning of each month, for 2 years (Round your answer to the nearest cent )

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Question: 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

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
$900	every month	2 1/4	6	monthly	$

Use Table 12-2 to find how much should be deposited now at 6% interest, compounded monthly, to yield an annuity payment of $500 at the beginning of each month, for 2 years. (Round your answer to the nearest cent.)

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