Use Table 12-2 from your text to calculate the present value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l }
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Present Value } \
\underline { \text { Payments }} & \underline { \text { Frequency} } & \underline { \text { Period }} & \underline { \text { Rate } } & \underline { \text { Compounded} } & \underline { \text { of the Annuity }} \
\$ 10,000 & \text { every year } & 15 \text { years } & 11 \% & \text { annually } &
\end{array}$$

Question

Use Table 12-2 from your text to calculate the present value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Present Value } \
 \underline { \text { Payments }} & \underline {  \text { Frequency} } & \underline {  \text { Period }} & \underline { \text { Rate } } &  \underline { \text { Compounded} } &  \underline { \text { of the Annuity }} \
\$ 10,000 & \text { every year } & 15 \text { years } & 11 \% & \text { annually } &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Use Table 12-2 from your text to calculate the present value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Present Value } \
 \underline { \text { Payments }} & \underline {  \text { Frequency} } & \underline {  \text { Period }} & \underline { \text { Rate } } &  \underline { \text { Compounded} } &  \underline { \text { of the Annuity }} \
\$ 10,000 & \text { every year } & 15 \text { years } & 11 \% & \text { annually } &
\end{array}$$

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