Question: Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency

Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.)

Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity
$6,000 every year 20 4 annually

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