Question: 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 AnnuityPayment &

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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 AnnuityPayment & PaymentFrequency & TimePeriod(years) & NominalRate(%) & InterestCompounded & PresentValueoftheAnnuity(in$) \\ \hline$1,600 & every year & 10 & 9 & annually & $ \\ \hline \end{tabular}

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