Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. $$\begin{array} { l l l l l }
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Present Value } \
\text { Payments } & \text { Frequency } & \underline { \text { Period } } & \underline { \text { Rate } } & \text { of the Annuity } \
\hline \$ 1,000 & \text { every } 3 \text { months } & 1 \frac { 3 } { 4 } \mathrm { yrs } & 12 \% & \

\end{array}$$

Question

Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. $$\begin{array} { l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Present Value } \
\text { Payments } & \text { Frequency } & \underline { \text { Period } } & \underline { \text { Rate } } & \text { of the Annuity } \
\hline \$ 1,000 & \text { every } 3 \text { months } & 1 \frac { 3 } { 4 } \mathrm { yrs } & 12 \% & \

\end{array}$$

Quizplus · Accepted Answer

The Answer of Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. $$\begin{array} { l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Present Value } \
\text { Payments } & \text { Frequency } & \underline { \text { Period } } & \underline { \text { Rate } } & \text { of the Annuity } \
\hline \$ 1,000 & \text { every } 3 \text { months } & 1 \frac { 3 } { 4 } \mathrm { yrs } & 12 \% & \

\end{array}$$

Use Table 12-2 from Your Text to Calculate the Present